KS Energy defends suitability of Kris Wiluan to remain CEO, chairman

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OFFSHORE and marine firm KS Energy is standing by the suitability of Indonesian tycoon Kris Wiluan to remain its executive chairman and chief executive officer, even as he faces 112 charges of alleged false trading and market rigging of his company’s shares. Read more at The Business Times.

“Therefore, the nominating committee is of the view that the charges will not hinder Kris Wiluan discharging his duties. To the best of our knowledge, he has always been upfront with the board and the directors on company matters,” it added.

On the identity of Ho Chee Yen, KS Energy said that she is not an employee of the firm. She has been cited in media reports as an employee of Kris Wiluan.

 

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