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Ex-director forfeits $87m profit for taking company’s deal
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The court-awarded penalty was unusually high because the business was a cluster housing project involving 82 semi-detached homes.
The Straits Times
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If trust is the most valuable thing in business, what is the price for breaking it? For one company director, it turned out to be $87 million – an expensive lesson in integrity.
The court-awarded penalty was unusually high because the business that the director took for himself was a cluster housing project involving 82 semi-detached homes built in Holland Link, off Old Holland Road in Bukit Timah.
