Surrey Hills Holdings commences legal proceedings against former CEO Pang Gek Teng
Sign up now: Get ST's newsletters delivered to your inbox
Surrey Hills Holdings' former chief executive Pang Gek Teng's employment was terminated on March 26.
PHOTO: ST FILE
Follow topic:
SINGAPORE – Surrey Hills Holdings – best known for its Surrey Hills Grocer cafe chain – has commenced legal proceedings in the High Court against its former chief executive Pang Gek Teng.
Ms Pang’s employment with the home-grown company was terminated on March 26, following discovery of “alleged financial misconduct”
Since then, the company has engaged an independent accountancy firm to conduct a comprehensive internal review and forensic investigation to ascertain the extent of losses suffered, it said in a media statement.
Based on its investigations, it will be pursuing claims against Ms Pang for, among other things, making illegitimate expense claims, falsifying documents and enabling an employee to profit from unauthorised markups on procurements.
The statement added that its decision to pursue legal action was made to protect its interests and its stakeholders.
It added that the company’s operations and businesses will continue. It currently runs five Surrey Hills Grocer outlets at locations like Ion Orchard and Raffles City. In the interim, Madam Koh Chew Chee, director of the board of Surrey Hills Holdings, has taken over CEO duties.
The company – a subsidiary of SHG Global – also runs other food and beverage brands. They include Spanish eatery MoVida Original, high-end hotpot brand Bon Broth and ramen restaurant Mensho Tokyo – all at Raffles City.
Recently, Mensho Tokyo expanded, launching two branches of sister ramen concept Mensho X at Raffles Place in July and Resorts World Sentosa in September.
In March, Ms Pang had told The Straits Times that while she was “deeply disappointed” with the situation, her “commitment to the industry remains strong”.
