[Bigbluedot]

Former Hyflux CEO Olivia Lum, ex-CFO and directors charged over failure to disclose information about Tuaspring

[p1acebo]

Where is honestboy?

[menghuii]

so sad right?
people up there playing games which authorities wldnt n cldnt hv known n investors all mong cha cha!

[debono]

so sad right?
people up there playing games which authorities wldnt n cldnt hv known n investors all mong cha cha!

Investors here depends on the financial report made by the directors.......

[singaporean1964]

BECOS OF THEIR DISHONESTY
they tried to sell new bonds
to cover their bacside
no wonder the 500million new issue bonds money dissapeared within less than 1 year

[Sharexchange]

John soh pattern....same from Malaysia..Malaysian...Jiu Hu Kia...-!

[singaporean1964]

lee sianz long should come out and apologize
he was the one that highlyrecomend her /her company on a certain national day

[Sharexchange]

John soh pattern....same from Malaysia..Malaysian...Jiu Hu Kia...-!

Its in their Malaysia blood! As evidence from Durian Sellers...Plumber...Aircon service...most out to cheat you singaporean Money!

[Sharexchange]

Its in their Malaysia blood! As evidence from Durian Sellers...Plumber...Aircon service..car workshop...chap chai png...most out to cheat you singaporean Money!

[debono]

lee sianz long should come out and apologize
he was the one that highlyrecomend her /her company on a certain national day

I also recall seeing LHL praising her on tele................

[Niubee]

This Hyflux lady also one rotten egg. Temasek really support rojak talents.

[drgn]

the punishment is way too little.

should sentence them for at least 10 years.

[debono]

the punishment is way too little.

should sentence them for at least 10 years.

She committed white collar crime, therefore the sentence is much lighter.....

[Bigbluedot]

Olivia Lum Owes a Sum

Under the SFA’s section 203(2) read with section 331(1), Lum was charged with consenting to Hyflux’s intentional failure to disclose information relating to the Tuaspring Integrated Water and Power Project, even when the disclosure was required by the Singapore Exchange Listing Rules.

If found guilty, she may be sentenced to up to seven years in jail and/or fined up to $250,000.

Under SFA’s section 251(1)b read with sections 253(4)(b)(i) and 277(3), she was also charged over Hyflux’s withholding of the same information relating to Tuaspring in the 2011 Offer Information Statement (OIS).

If found guilty, she may be sentenced to up to two years in jail and/or fined up to $150,000.

Under the CA’s section 201(5) read with section 204(1), Lum was charged over failure to ensure that Hyflux made disclosures required under the accounting standards for their financial statements in 2017.

This included the failure to disclose the breach of a subsidiary’s loan agreement that permitted lenders to demand accelerated repayment.

If found guilty, she could be fined up to $50,000.
===================================
from the above , 250k+ 150k+ 50k= 450k nia if found guilty.
===
the investors' money she utong is billions!

this is law!

[drgn]

Olivia Lum Owes a Sum

Under the SFA’s section 203(2) read with section 331(1), Lum was charged with consenting to Hyflux’s intentional failure to disclose information relating to the Tuaspring Integrated Water and Power Project, even when the disclosure was required by the Singapore Exchange Listing Rules.

If found guilty, she may be sentenced to up to seven years in jail and/or fined up to $250,000.

Under SFA’s section 251(1)b read with sections 253(4)(b)(i) and 277(3), she was also charged over Hyflux’s withholding of the same information relating to Tuaspring in the 2011 Offer Information Statement (OIS).

If found guilty, she may be sentenced to up to two years in jail and/or fined up to $150,000.

Under the CA’s section 201(5) read with section 204(1), Lum was charged over failure to ensure that Hyflux made disclosures required under the accounting standards for their financial statements in 2017.

This included the failure to disclose the breach of a subsidiary’s loan agreement that permitted lenders to demand accelerated repayment.

If found guilty, she could be fined up to $50,000.
===================================
from the above , 250k+ 150k+ 50k= 450k nia if found guilty.
===
the investors' money she utong is billions!

this is law!

fine her is not a punishment for her, even a few millions.

should jail her

[Bigbluedot]

fine her is not a punishment for her, even a few millions.

should jail her

right. coz the money she has is not her money but investors' money she siphoned!!!

[debono]

fine her is not a punishment for her, even a few millions.

should jail her

right. coz the money she has is not her money but investors' money she siphoned!!!

The fraud is in terms of billions, a $450K fine is peanuts....

[wulala]

wayang wayang lah, once upon a time this was a MSCI listed company, don't tell me the top don't know?

[wendychan]

OFF TOPIC but Asian women really need to stop dying their hair in an effort to look like fake ang mos
https://www.straitstimes.com/business/ex...utures-act

[singaporean1964]

should not fine them
since they have money from the investors to bail themselves out
must jail them

[Bigbluedot]

jail and should ask this jinx to cough out the investors' money (in billions).

[babygirl]

Its in their Malaysia blood! As evidence from Durian Sellers...Plumber...Aircon service...most out to cheat you singaporean Money!

[debono]

jail and should ask this jinx to cough out the investors' money (in billions).

Where to find billion dollars to pay investors.......?

[Bigbluedot]

Lum, 61, who was handed three charges, is out on bail of $100,000.

[jus4lucky]

100 year jail.

[[[ForeverAlone]]]

she still got the mood dye her hair , I think she go jail come out also RICH

[Bigbluedot]

She knows how to kaeng.