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