Raffles Education board responds to investigation, Oei allegations

Asia's Tech News Daily

Raffles Education board responds to investigation, Oei allegations
© Provided by Singapore Business Review

MAS and CAD lead the investigation.

Raffles Education announced they received a joint order from the Monetary Authority of Singapore and the Commercial Affairs Department on 19 October.

The order required the company to provide documents relating to the loan facilities extended by Affin Bank to Raffles K12 and Raffles Iskandar in connection with an investigation into a potential offence under the Securities and Futures Act. It also required interviews from Chairman and CEO Chew Hua Seng as well as directors Lim How Teck, Joseph He Jun, Ng Kwan Meng, Gan Hui Tin, and Doris Chung Gim Lian. All persons concerned surrendered their passports to the authorities whilst the investigation is ongoing.

The board also responded to the letter issued by Oei Hong Leong dated 16 October. It said Chew “hired all his adult family members at high salaries” and Chew himself paid for his salary, bonuses, profit-sharing, and perks. They noted the allegations were unfounded, and they asked Oei for an explanation of his allegations.

In the interim, the individuals will continue to serve as directors and executive officers of the company as may be applicable.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Steve Wozniak reunited with rare Apple I motherboard in Dubai

© Provided by The National Steve Wozniak with a rare Apple I motherboard in Dubai. Photo: The AAPL Collection Apple co-founder Steve Wozniak was reunited with a piece of history ... Read more »

Allow Maria Ressa to receive Nobel Peace Prize in Oslo

DEPUTY Speaker and Cagayan de Oro City Rep. Rufus Rodriguez has stated Friday Rappler Chief Executive Officer Maria Ressa should be permitted to go to Oslo, Norway, to accept the ... Read more »

Tacoma mall shooting: 1 person shot, sending shoppers scrambling for safety

One person was shot at the Tacoma Mall in Washington state on Friday night, sending shoppers scrambling for safety, officials said. © Google The Tacoma police department said the victim ... Read more »

Long overdue for perpetrators of Mumbai attacks to face justice: US Secretary Blinken

While praising the resiliency of Mumbaikars on the 13th anniversary of the 26/11 terror attacks, US Secretary of State Antony Blinken has emphasised the need for a speedy trial of ... Read more »

Doja Cat says she feels ‘pressured' in the music industry: ‘I'm doing all this s*** that I don't wanna do'

Doja Cat says she feels ‘pressured’ in the music industry: ‘I’m doing all this s*** that I don’t wanna do’ Singer Doja Cat has revealed that she is not happy ... Read more »

Single day rise of 8,318 Covid infections takes India's active cases to 1,07,019, lowest in 541 days

India reported 8,318 fresh COVID-19 cases in the last 24 hours, informed the Health Ministry. As many as 465 people succumbed to the COIVD-19 infection in the country in the ... Read more »

Delhi air in 'very poor' category, expected to improve from Nov 29; minimum temperature 10.2° C

The air quality index (AQI) in Delhi was recorded in the ‘very poor’ category on Saturday morning, according to data issued by the <a href="/tag/central-pollution-control-board”>Central Pollution Control Board. It is ... Read more »

Syarikat penerbangan diarah turun harga tiket domestik

© Provided by Free Malaysia Today Malaysia Airlines berkata ia akan menambah penerbangan ke Sarawak bulan depan, sekali gus berupaya mengurangkan kadar tambang ke negeri itu. PETALING JAYA: Kementerian Pengangkuan ... Read more »

JP Nadda likely to attend Inter-Party Conference organised by Russia virtually ahead of Dec 6 summit

BJP President JP Nadda is likely to virtually attend an Inter-Party Conference being organised by the ruling United Russia Party to further boost strategic partnership ahead of the December 6 ... Read more »

‘Segelintir' pendukung MN dibuai kerusi empuk, rasa selesa berkuasa, Tok Mat jawab Hadi

© Provided by Free Malaysia Today Wadah kerjasama Muafakat Nasional harus menjangkau politik, menjadi medan segala kepentingan Melayu-Islam dibincangkan, menurut Mohamad Hasan. PETALING JAYA: Segelintir pendukung dalam Muafakat Nasional (MN) ... Read more »

French trawler crews to block ports in row over post-Brexit fishing permits

French trawler crews are planning a series of port and cargo terminal blockades Friday in their push for a political decision over their right to take their trawlers into British ... Read more »

Ex-Trump adviser is out at Newsmax after criticism of vaccine mandates clashed with the right-wing outlet's policy, report says

Rally goers hold signs protesting vaccines at the “World Wide Rally for Freedom”, an anti-mask and anti-vaccine rally, at the State House in Concord, New Hampshire, May 15, 2021.JOSEPH PREZIOSO/AFP ... Read more »

Why the New Coronavirus Variant Triggered Selloffs in Bitcoin and Stocks

After scientists identified a new variant of the virus causing Covid-19, countries restricted travel to and from southern Africa. WSJ’s Anna Hirtenstein explains that investors have turned to bonds and ... Read more »

Terence Lewis ignores Malaika Arora as Nora Fatehi arrives on India's Best Dancer, Geeta Kapur says ‘close your mouth'

© Provided by Hindustan Times Terence Lewis and Nora Fatehi on India’s Best Dancer season 2. Nora Fatehi will be the guest this weekend on dance reality show India’s Best ... Read more »

Bigg Boss 15: Rakhi Sawant's husband Ritesh reveals they ‘met on WhatsApp', she blocked him initially

© Provided by Hindustan Times Rakhi Sawant has entered Bigg Boss 15 as a VIP. Rakhi Sawant has finally introduced her husband Ritesh with her entry on Bigg Boss 15. ... Read more »

Jacqueline Fernandez's romantic selfie with conman Sukesh Chandrasekhar sparks controversy

© Provided by Zee News New Delhi: Jacqueline Fernandez has found herself in a new controversy after a picture of her and conman Sukesh Chandrasekhar surfaced on social media and ... Read more »

'Yodha Begins': Sidharth Malhotra shares glimpses from muhurat shot for Karan Johar's actioner as shoot starts

After a long wait, fans of Sidharth Malhotra have been on cloud nine as the star has had a great year with the success of his film, Shershaah. Now, Sidharth ... Read more »

Vicky Kaushal's cousin dismisses rumours of wedding with Katrina Kaif, says 'it's not taking place'

© Provided by Jagran English New Delhi | Jagran Entertainment Desk: As December is nearing, the rumours around Katrina Kaif and Vicky Kaushal is getting rife. Ever since Vicky confessed ... Read more »

Malaika Arora, Akansha Ranjan and Kubbra Sait Perform Yoga Asanas, Sweat It Out Together

© Provided by News18 Bollywood’s Yoga idol Malaika Arora, along with Akansha Ranjan and Kubbra Sait had a great time during their yoga session recently as the three divas sweated ... Read more »

Man Utd and Liverpool braced for transfer battle as teenage wonderkid refuses contract

Manchester United and Liverpool may be fierce rivals on the field, but the pair often battle away from pitch as they regularly tussle for talent in the transfer market. This ... Read more »

Sara Ali Khan thanks 'Atrangi Re' director Aanand L Rai for her character 'Rinku' opposite Akshay Kumar and Dhanush

© Provided by DNA Sara Ali Khan took to her social media on Thursday to express gratitude to Aanand L Rai, who has helmed Sara’s next film ‘Atrangi Re’. She ... Read more »

On Suchitra Krishnamoorthi's Birthday, Watch 5 Memorable Tracks by the Singer

© Provided by News18 Suchitra Krishnamoorthi, the lovely actress who rose to fame with Kabhi Haan Kabhi Naa, turns 46 this year. This Bollywood actress has a beautiful voice and ... Read more »

India's Paytm Sept net loss widens, says maintains growth momentum

© Reuters/FLORENCE LO FILE PHOTO: The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration picture By Sankalp Phartiyal and Nupur Anand ... Read more »

Country diary: I think it's an earthquake – but it's not coming from below

I’ve collected four boys from school today – my son and three playmates. Intending to eke out an afternoon of delicious sunshine, I drive us and the dog to the high point ... Read more »

Road test: the Volvo XC40 has style and substance

Walk into a Volvo showroom and you’ll notice two things. One is that the S60 is now the company’s only saloon, as Volvo has virtually become an SUV company; and ... Read more »

Kolkata Municipal Corporation Elections 2021: Full list of TMC councillor candidates

© Provided by The Financial Express The TMC in the last KMC polls in 2015 had won 126 seats, and 87 sitting councillors have been renominated. TMC Councillor List 2021: ... Read more »

EPF contributions will stop from December if you don't do THIS

© Provided by Zee News New Delhi: The Employees Provident Fund, or EPF, is an important aspect of any corporate employee’s working life, and there are a few things to ... Read more »

281 test Covid-19 positive at Karnataka college, Health Minister Sudhakar rules out imposing curbs

File photo of Karnataka health minister K Sudhakar On Saturday, Karnataka health minister K Sudhakar said that SDM College of Medical Sciences in Dharwad district of the state has become ... Read more »

India reports 8,318 new Covid-19 cases; death toll up by 465

© Provided by Hindustan Times India reports 21,14 per cent less daily rise in Covid-19 cases on Saturday. (HT File Photo) India on Saturday recorded 8,318 new cases of the coronavirus ... Read more »

UP Police Admit Card 2021 for SI and ASI posts released, download link here

Uttar Pradesh Police Recruitment and Promotion Board, UPPBPB has released UP Police Admit Card 2021 for SI and ASI posts. Candidates can download the admit card through the official site ... Read more »

Sovereign Gold Bond Scheme opens on Monday. Issue price, other details here

The Sovereign Gold Bond (SGB) Scheme 2021-22 – Series VIII will open for subscription for five days from Monday, November 29, according to the Reserve Bank of India (RBI). The ... Read more »

PIP: Britons can check whether they qualify for £608 payment using easy online tool

PIP is for anyone who is living with a health condition or disability that affects their everyday life and is awarded by the Department for Work and Pensions (DWP). It ... Read more »

France begin 2021 Davis Cup quest with victory over Czech Republic

France launched their quest for an 11th Davis Cup on Thursday night with a 2-1 victory over the Czech Republic in Innsbruck. The opening singles match in the men's national ... Read more »

WK: EU drug watchdog approves Pfizer Covid vaccine for children aged 5-11

The EU's drug regulator has approved this week the use of Pfizer-BioNTech's Cocid vaccine for use in children between the ages of 5 and 11 in a decision that comes ... Read more »

Markets plunge and oil crashes as traders panic over new Covid variant

NYSE trader The FTSE 100 suffered its worst fall in nearly 18 months on Friday and stock markets plunged around the world owing to fears that a new variant of ... Read more »

Why the omicron Covid variant is the most concerning so far

The new variant has a large number of mutations which could help it dodge immunity and make it more infectious Of all the variants so far, B.1.1.529 is causing the ... Read more »

China issues warrant for Suncity boss over illegal gambling

The Associated PressThe website for Suncity Group is seen on a computer screen in Beijing, China, Saturday, Nov. 27, 2021. Chinese authorities have issued an arrest warrant for the head ... Read more »

No cases of Omicron COVID variant reported in US so far, CDC says

The CDC is monitoring variants, as they expect Omicron to be identified quickly if it emerges in the US. AP No cases of the new COVID–19 Omicron variant have been ... Read more »

National Command Council meeting moved to Saturday

© Provided by eNCA JOHANNESBURG – President Cyril Ramaphosa is convening the National Coronavirus Command Council. It comes amid growing concerns over the increase in new infections and the impact ... Read more »

Netizens slam ‘Healing the Divide' founder after reports of alleged instigation to flood public hotlines amid pandemic

© The Independent Singapore © The Independent Singapore *Disclaimer: Microsoft News is currently reviewing the accuracy of this story with the publisher due to social media source. Updates will be ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic