SINGAPORE - Allied Technologies recused three directors from all decisions and recommendations by its board because of conflict of interest in relation to the missing $33 million held in escrow by law firm JLC Advisors.Allied Tech's board, which filed the announcement with the Singapore Exchange on Saturday , also lodged a police report requesting an investigation against JLC Advisors and its managing partner Jeffrey Ong Su Aun for potential offences committed.
In its announcement, Allied Tech said it was acting on the recommendation of its nominating committee in recusing Ms Pok, Mr Kenneth Low Si Ren and Mr Lim Jin Wei. Mr Lim, an independent director, has been a signatory to the escrow account with JLC since its establishment.
Source: Law Daily Report (lawdailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lawyer uncontactable after $33 million payout of client's moneyA missing sum of around $33 million belonging to Allied Technologies and held by law firm JLC Advisors in an escrow account is believed to have been paid out on the instructions of its managing partner Jeffrey Ong Su Aun, who has been uncontactable for days. In a statement...
Source: thenewpaper - 🏆 7. / 63 Read more »
Engineering firm files police report after S$33 million and lawyer go missingSINGAPORE — Engineering firm Allied Technologies said on Thursday (May 23) in an exchange filing that it is making a police report. This is after it was told that S$33.4 million from its escrow account may have been paid out under the instruction of a senior lawyer who has since gone missing.
Source: TODAYonline - 🏆 1. / 99 Read more »
Engineering firm files police report after S$33 million and lawyer go missingSINGAPORE — Engineering firm Allied Technologies said on Thursday (May 23) in an exchange filing that it is making a police report. This is after it was told that S$33.4 million from its escrow account may have been paid out under the instruction of a senior lawyer who has since gone missing.
Source: TODAYonline - 🏆 1. / 99 Read more »
Law Society takes control of law firm's funds after S$33 million and lawyer go missingSINGAPORE: The Law Society of Singapore (LawSoc) said on Friday (May 24) that it has taken control of funds held by law firm JLC Advisors, after ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Law Society to probe for lawyer misconduct at JLC Advisors over missing $33 millionSINGAPORE -The Law Society on Friday (May 24) said it will conduct its own investigative audit on the client accounts of law firm JLC Advisors, from which $33 million belonging to engineering firm Allied Technologies has gone missing. It has also seized control of all monies held by JLC, including those being held on behalf of its clients or third parties.. Read more at straitstimes.com. Lawyers? Who can anyone trust them? All are Crooks especially the one who put the blame on a poor innocent dog!
Source: The Straits Times - 🏆 8. / 63 Read more »
What we know so far about the missing lawyer and S$33 millionSINGAPORE — A whopping S$33.2 million was reported missing from the escrow account of Singapore-listed engineering firm Allied Technologies on Thursday (May 23).
Source: TODAYonline - 🏆 1. / 99 Read more »
What we know so far about the missing lawyer and S$33 millionSINGAPORE — A whopping S$33.2 million was reported missing from the escrow account of Singapore-listed engineering firm Allied Technologies on Thursday (May 23). Dodgy as hell to put that much $ in such a small law firm's account...
Source: TODAYonline - 🏆 1. / 99 Read more »
Allied Tech's missing S$33m: Law firm says partner Jeffrey Ong may have ordered withdrawalABOUT S$33 million of missing funds that belonged to Allied Technologies were taken out of an escrow account managed by JLC Advisors, possibly at the instruction of the law firm's managing partner, Jeffrey Ong Su Aun, Allied Tech said on Thursday evening in a filing on the Singapore Exchange. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
S$33m missing from JLC law firm; lawyer uncontactableIN what could be a record sum involved in such cases, some S$33 million has gone missing from the clients' account of boutique law firm JLC Advisors, where a senior lawyer has at the same time become uncontactable. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Law Society seizes control of funds held by law firm JLC Advisors as crisis over missing S$33 million deepensSINGAPORE — The Law Society of Singapore (LawSoc) has taken the rare step of seizing control of all funds held on behalf of clients or third parties by JLC Advisors, a law firm at the centre of a police investigation over S$33.2 million in missing funds.
Source: TODAYonline - 🏆 1. / 99 Read more »
JLC lawyer told repeatedly to return S$33m before going incommunicadoFOR two months before going incommunicado, Jeffrey Ong Su Aun - the senior lawyer in the middle of the case of S$33 million of missing funds - fended off requests from his client Allied Technologies to return the money. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »