Tag: Lee Swee Eng
Masks do reduce spread of flu and some coronaviruses, study finds
In the study, the use of surgical masks by sufferers significantly reduced the number of flu viruses detectable in droplets released through breathing and...
KNM Group’s Impress Ethanol Faces THB2.7B Bond Crisis Amid Nepotism Scandal
KNM Group's Impress Ethanol Co. faces a THB2.7 billion bond crisis amid allegations of mismanagement and nepotism. Executive Co-chairman Gan Siew Liat's appointment of her inexperienced daughter to a key position has sparked shareholder outrage. The upcoming AGM and EGM may be pivotal for the company's future.
KNM Group Directors Found Guilty of Violating Bankruptcy Law, ESOS Share Allocations Questioned
KNM Group's former directors Lee Swee Eng and Chew Fook Sin were found guilty by Indonesia's Supreme Court in a bankruptcy case. Recent ESOS share allocations to family members, including those involved in the case, raise serious questions about corporate governance and shareholder interests.
KNM Group’s RM168M Private Placement: Gan Siew Liat’s Growing Influence Raises Concerns
KNM Group Bhd proposes a RM167.9M private placement, with half the shares offered to Executive Vice-Chairman Gan Siew Liat. This move, aimed at repaying loans and providing working capital, raises questions about insider influence and corporate governance at the company.
KNM Executive Director Gan Siew Liat Accused of Diverting ESOS Shares to Family Members
KNM Group Executive Director Gan Siew Liat is accused of diverting 155 million ESOS shares to family members, including her husband Lee Swee Eng who faces insider trading charges. Employees demand the return of shares, while shareholders call for leadership changes at the upcoming AGM.
KNM CEO Lee Swee Eng Faces Insider Trading Charges Amid Corporate Misconduct History
KNM Group CEO Lee Swee Eng faces insider trading charges for allegedly profiting from 31 million shares between February and April 2010. This case is linked to prior reprimands and fines issued to KNM's board, raising questions about corporate governance and shareholder protection.
KNM Employees Defrauded by Executive Director Gan Siew Liat in ESOS Scam
Gan Siew Liat, Executive Director of KNM and wife of former CEO Lee Swee Eng, has been caught diverting millions in shares meant for employees to her family members. The ESOS scam has led to her dismissal along with her accomplices. Learn more about the implications for KNM employees and shareholders.
Offshore Leaks: How a 2013 Exposé Transformed Global Tax Policies
The 2013 ICIJ Offshore Leaks report revealed 130,000 offshore accounts, leading to global investigations and policy changes. High-profile figures like Lee Swee Eng and Imee Marcos were implicated, prompting countries to crack down on tax evasion and increase financial transparency.
Financial Crimes That Rocked Southeast Asia’s Economy: KNM Group and Beyond
Southeast Asia faces numerous financial crimes, from corporate fraud to pyramid schemes. Notable cases include KNM Group's listing requirements breach, Sunshine Empire's Ponzi scheme in Singapore, and Emgoldex's pyramiding scam in the Philippines. These frauds highlight the need for stronger regulations and investor vigilance.
KNM Group Directors Implicated in Deutsche Bank Money Laundering Scandal via Offshore Leaks
The ICIJ Offshore Leaks Database suggests KNM Group Bhd directors, including Lee Swee Eng and Gan Siew Liat, were secret owners of offshore companies linked to Deutsche Bank's subsidiary REGULA LIMITED. This connection raises questions about potential involvement in the ongoing Deutsche Bank money laundering investigation.
