See also: Allied Tech's $130 mil purchase of dorm operator aborted amid news of missing funds
SINGAPORE (May 23): Jeffrey Ong, chairman of Annica Holdings, has quit with immediate effect on May 20. Ong is also the managing partner of boutique law firm JLC Advisors.
According to a Business Times report, some $33 million, believed to belong to Allied Technologies, has gone missing from the clients’ accounts of the law firm.

