All charges withdrawn against ex-CEO of printing firm accused of breaching disclosure obligations
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Mr Fong Kah Kuen, better known in business circles as K.K. Fong, had been charged in court in January 2023.
PHOTO: ST FILE
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SINGAPORE – The former chief executive of a printing firm accused of breaching the disclosure obligations required as a director and substantial shareholder of the company has walked free after all of his charges were withdrawn.
Mr Fong Kah Kuen, who was then working for Xpress Holdings, now known as A-Smart Holdings, was earlier facing 15 charges under the Securities and Futures Act.
Without revealing details, the Attorney-General’s Chambers told The Straits Times in a statement on Sept 6: “After careful consideration of the facts and circumstances of the matter, the prosecution applied for a discharge amounting to an acquittal for all the charges against (him).”
The court granted the application on Aug 29.
This means that the 71-year-old Singaporean, better known in business circles as K.K. Fong, cannot be charged again with the same offences.
He had been charged in court in January 2023
The charges alleged that he failed to disclose his interests when he was the director and CEO of the company, and when he ceased to be a substantial shareholder.
Among other things, Mr Fong had been accused of furnishing inaccurate information to the firm about his direct and deemed interests in the company’s shares on three occasions between Oct 31, 2013, and July 29, 2014
A search with the Accounting and Corporate Regulatory Authority revealed that he is also a former director of multiple other companies, including KK Delicacies and K.K. Fong Holdings.
