China Sky's ex-CEO may face contempt of court charges

China Sky's ex-CEO may face contempt of court charges

SINGAPORE - The former chief executive of China Sky Chemical Fibre could face contempt of court charges after he failed to show up at a hearing on Tuesday concerning funds frozen in a bank account.

Mr Huang Zhong Xuan, who also missed an April court date last year, had not informed the court that he would not appear.

His legal representatives told High Court Justice Belinda Ang on Tuesday that Mr Huang had been advised not to travel from China after undergoing a medical examination.

Another defence witness, Mr Sunny Hui, who was formerly China Sky's group financial controller, failed to turn up as well.

Lawyer Philip Fong, of Harry Elias Partnership, said Mr Hui said he was "not a party to the proceedings and had more important matters to attend to".

Senior Counsel Cavinder Bull of Drew & Napier, who is the lead lawyer of the plaintiff, the Monetary Authority of Singapore (MAS), said their absence showed "disobedience of a court order" and may amount to a criminal offence.

The hearing centres on US$3.7 million (S$4.7 million) that has been frozen in a Credit Suisse bank account since March 28 last year. The MAS won an initial interim order to freeze the cash and wants a High Court extension.

Ownership of the funds is a key aspect of the dispute.

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