THE managing director and four former directors of Chuan Soon Huat Industrial Group were charged yesterday with failing to tell regulators that there had been a change in the effective control of the firm.

The charges under the Companies Act centre on statements in the furniture company's 2004 and 2005 annual reports regarding the role of former executive chairman Lee Tian Teck.

He was listed as chairman until his November 2006 resignation, when in fact he had suffered a stroke in December 2003 and did not attend another board meeting after that.

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