Business

Oei Hong Leong questions auditor’s statement furnished by Raffles Education as feud unfolds, Companies & Markets News & Top Stories

SINGAPORE – Billionaire Oei Hong Leong on Monday (Oct 25) called into question an audited statement listing the emoluments paid to directors of Raffles Education Corporation (REC), and accused the company of obfuscating and avoiding answering his earlier queries.

“You seem to suggest that the S.164A statement confirmed by BDO as an independent third party auditor is conclusive,” Mr Oei wrote in his letter, which The Straits Times was copied on.

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