OxPay Financial Limited (SG:TVV) has released an update.
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OxPay Financial Limited’s Non-Executive Non-Independent Chairman, Mr. Ching Chiat Kwong, has been named in a corruption investigation in Venice, according to various articles. Mr. Ching contends that his involvement in the alleged corruption regarding real estate investments was part of standard procedures, emphasizing that no formal negotiations or evidence of wrongdoing have been established. The company has highlighted that Mr. Ching’s acquisition of Palazzo Papadopoli followed transparent and competitive processes, countering allegations of illicit agreements.
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