Transcorp unit director stops legal action to recover S$2.6m without consulting company

The company first directed Regal Motors to pursue legal action against its supplier in March last year. Under Transcorp's direction, Mr Chua formally commenced the legal action in July 2019. He later authorised representatives from Transcorp to negotiate a settlement in March 2020.

But on Oct 13, Mr Chua instructed the external legal counsel to stop all work on the legal action and to file a notice of discontinuance in the suit to the defendants' lawyers, with each party to bear their own cost. This was done"without any directive from or consultation with" Transcorp. When Transcorp found out, it said it immediately informed the legal counsel not to proceed with the action, but the legal counsel would only take instructions from a director of Regal Motors.

The company also contacted Mr Chua, but he was"not forthcoming" and has not responded to the company's queries nor requests for a meeting since.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

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