UOB rejects allegations of improper conduct made by ex-CEO of former client Yang Kee Logistics
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SINGAPORE — UOB has denied allegations of improper conduct made by the former boss of a former client which have surfaced online, calling them baseless and defamatory in a March 28 Facebook post. The Monetary Authority of Singapore (MAS) said separately tUOB rejects allegations of improper conduct made by ex-CEO of former client Yang Kee Logistics
SINGAPORE — UOB has denied allegations of improper conduct made by the former boss of a former client which have surfaced online, calling them baseless and defamatory in a March 28 Facebook post. The Monetary Authority of Singapore (MAS) said separately that it is looking into the allegations made by Koh Kien Chon, who is also known as Ken Koh. He used to be the chief executive of Yang Kee Logistics, a client of UOB. The company has since folded. The allegations made by Koh, who made a statutory declaration on Feb 25 on the matter, relate to improper conduct by UOB's executives dating back to 2016 pertaining to the sale of a property, as well as a breach of confidential information regarding the sale. A statutory declaration is a statement that is affirmed to be true. It is made before a commissioner of oaths, who may be a lawyer, court interpreter, government official or any individual who is authorised to administer oaths and affirmations. The bank said in a media statement later in the day that it has issued a warning letter to Koh. Read more