The board and executive committee were also reportedly unaware of these remittances, said TEE International in a Sunday night filing in response to queries by the Singapore Exchange.
SINGAPORE (Sept 8): TEE International is appointing an external third party independent investigator to look into unauthorised payments totalling $6.55 million.
The remittances, made by TEE International's wholly owned units PBT Engineering and Trans Equatorial between July 2018 and March 8, were allegedly approved by Phua Chian Kin, the group CEO and managing director.
