Sat, Jul 28, 2007
Ex-MP fined for infringing Companies Act

Former Member of Parliament Chng Hee Kok has been fined the maximum $5,000 for an offence under the Companies Act.

'I was shocked when the investigations started,' Chng told The Straits Times. ? But as investigations wore on, it dawned on him that he had committed an offence under the Companies Act.

Chng, who is also chief executive of NTUC Club, faced charges for failing to disclose his interest in Stoval Technologies, one of the four companies linked to NTUC Club.

The club's general manager, Shirley Lee Lai Ngoh, was also handed the same fine for a similar offence.

According to NTUC Club, Chng will continue to serve as the chief executive.

For the full report, read The Straits Times

  Ex-MP fined for infringing Companies Act
  Chartered Semiconductor posts 2Q US$24.7 million net loss
  S'pore shares drop 2.4% in year's biggest loss
  Singapore to get new Navy Chief
  Chinese ad gets top honour at SPH Ink Awards
  Singapore's private home prices rise 8.3 pct in Q2
  DBS bank reports 7% fall in Q2 net profit
  Overseas investment tops $372 billion for Singapore companies at end 2005
  MM Lee urges Jakarta to honour agreements
  TNP New Face - Being in the top 20