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Asia Power sacks finance head for alleged fraud, files police report

Published on Jan 25, 2013 6:51 PM

Asia Power Corporation, which manages and operates power stations in China, has sacked its financial controller for allegedly withdrawing company funds by forging signatures on a number of company cheques.

Mr Tan Liang Kwang, 32, admitted to the wrongdoing, the mainboard-listed company said in a stock exchange filing today.

Mr Tan has also resigned with immediate effect from his position as joint company secretary of the company.

A police report was lodged yesterday and the auditors of the company have been duly notified.

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