Allied Tech independent directors assisting in CAD probe

THE Commercial Affairs Department is pressing on with its investigation into the affairs of Allied Technologies, and has sought assistance from two of its independent directors, the Catalist-listed firm said last Friday.

Ms Pok is a partner at legal firm JLC Advisors. In May last year, the board of Allied Tech had lodged a police report requesting an investigation into JLC Advisors and its managing partner Jeffrey Ong Su Aun for potential offences, after S$33 million of funds that the company had parked with JLC Advisors went missing, while Ong’s whereabouts were unknown.

Ong has since been slapped with 26 charges, after been arraigned last October on four fresh counts, including the most serious offence of criminal breach of trust. As part of its investigations, the CAD has seized documents from Allied Tech relating to the company and three of its subsidiaries, as well as the JLC escrow account.

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