In the Name of the Father

Shing Huei Peh

Chapter 6 in Strictly Business:The Kwek Leng Beng Story, 2023, pp 53-69 from World Scientific Publishing Co. Pte. Ltd.

Abstract: When the news came in August 1990, Kwek Leng Beng was braced for impact. After a lengthy trial involving Queen’s Counsels and a billionaire in the dock, the verdict was a painful one to accept. His father, Kwek Hong Png, and a cousin were each fined S$5,000 after pleading guilty to a breach of the Companies Act. They had been accused of not using due diligence in discharging their duties as directors of Tripartite Developers, a real estate company largely owned by Hong Leong Holdings. Both had improperly authorised Tripartite to pay a real estate broking firm, and were fined…

Keywords: Kwek Leng Beng; Hong Leong Group; Hong Leong; Singapore; Millennium Hotel; Millenium Hotel; 9/11; The Plaza; authorised biography; CDL; City Development Ltd; Donald Trump (search for similar items in EconPapers)
JEL-codes: L2 L21 L26 L85 M1 M13 M16 R3 (search for similar items in EconPapers)
Date: 2023
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