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NGSC reports former directors to police over $1.1 mil of suspected unauthorised payments

Michelle Zhu
Michelle Zhu • 2 min read
NGSC reports former directors to police over $1.1 mil of suspected unauthorised payments
SINGAPORE (June 4): NGSC says it has lodged a police report against two of its former directors for their alleged involvement in suspected unauthorised payments amounting to $1.1 million.
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SINGAPORE (June 4): NGSC says it has lodged a police report against two of its former directors for their alleged involvement in suspected unauthorised payments amounting to $1.1 million.

In a filing on Monday, the company says it is in the midst of “seeking legal advice on available courses of action” to recover these suspected unauthorised payments.

While the identities of the two said directors were not disclosed, the news comes days after the company cancelled its extraordinary general meeting (EGM) – which was originally slated to be held this week on Thursday – to remove four of its directors, as they had already resigned ahead of the EGM date.

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