Nation

UOB Strikes Back Against Ex-CEO's Defamatory Claims - What You Need to Know!

2025-03-28

Author: Jia

Summary of Allegations

UOB dismisses allegations of misconduct made by former Yang Kee Logistics CEO, Mr. Koh Kien Chon.

Details of the Case

Mr. Koh accuses UOB of improper conduct related to a property sale and breaches of confidential information.

UOB's Response

UOB has issued a warning letter to Mr. Koh and threatened legal action.

Regulatory Investigation

The Monetary Authority of Singapore is actively investigating the claims.

Public Reactions and Future Implications

The case raises questions about accountability of financial institutions in corporate failures.