Oxley Holdings Ltd. (SG:5UX) has released an update.
Oxley Holdings Limited’s CEO, Mr Ching Chiat Kwong, is embroiled in a corruption scandal in Venice, though he denies the allegations and no charges have been filed against him. The claims stem from a disgruntled contractor, now under investigation for slander and extortion, who had previously engaged in fraudulent activities and lost several civil litigations against Mr Ching’s companies. Mr Ching has engaged lawyers and cut ties with the contractor, asserting his innocence in the ongoing legal tussle.
For further insights into SG:5UX stock, check out TipRanks’ Stock Analysis page.
