Raffles Education says no basis to Oei Hong Leong's allegations, calls for retraction

An ongoing feud between Raffles Education Corp's chairman and chief executive Chew Hua Seng (left) and billionaire Oei Hong Leong, continued to unfold over the weekend.
An ongoing feud between Raffles Education Corp's chairman and chief executive Chew Hua Seng (left) and billionaire Oei Hong Leong, continued to unfold over the weekend.PHOTOS: SHIN MIN DAILY NEWS

SINGAPORE - An ongoing feud between Raffles Education Corp's (REC) chairman and chief executive Chew Hua Seng and the company's substantial shareholder, billionaire Oei Hong Leong, continued to unfold over the weekend.

In a Saturday (Oct 23) letter addressed to Mr Oei and copied to The Straits Times, REC said the billionaire's attempts in a Friday letter to justify assertions that Mr Chew led REC to hire his family members at high salaries had "simply no basis".

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