Former NKF CEO TT Durai arrested, but presently out on bail
By Rita Zahara, Channel NewsAsia
Time is GMT + 8 hours
Posted: 17 April 2006 2036 hrs
Former National Kidney Foundation CEO TT Durai has been arrested and according to informed sources familiar with the case, he is expected to be charged on Tuesday.
He is now out on bail.
Several directors and key management personnel in the former NKF Board will also be hauled to court on Tuesday.
Lawyer Chia Boon Teck, acting for former NKF chairman Richard Yong, told Channel NewsAsia his client will be charged in court on Tuesday.
NKF's former treasurer, Loo Say San will also be levelled with charges under the Companies Act.
They each face one charge in connection with US-registered, Chennai-based company, Forte Systems.
In September 2001, the former NKF signed a S$4.29 million agreement with Forte Systems to provide a new enterprise resource management system.
The deal involved payments from NKF even though Forte Systems was said to have failed to deliver some services.
The company was owned by Pharis Aboobacker, who's believed to be a friend of TT Durai.
Yong and Loo were summoned to the Commercial Affairs Department on Monday afternoon to collect the charges, but were not put under arrest.
Other lawyers say T T Durai, former Board member Matilda Chua and an unknown third party were dealt with separately by the Corrupt Practices Investigation Bureau.
This comes months after the 300-page KPMG report late last year which uncovered some questionable practices by the old NKF and the Health Minister had said then that anyone found to have broken the law will be prosecuted. - CNA/ch
Time is GMT + 8 hours
Posted: 17 April 2006 2036 hrs
Former National Kidney Foundation CEO TT Durai has been arrested and according to informed sources familiar with the case, he is expected to be charged on Tuesday.
He is now out on bail.
Several directors and key management personnel in the former NKF Board will also be hauled to court on Tuesday.
Lawyer Chia Boon Teck, acting for former NKF chairman Richard Yong, told Channel NewsAsia his client will be charged in court on Tuesday.
NKF's former treasurer, Loo Say San will also be levelled with charges under the Companies Act.
They each face one charge in connection with US-registered, Chennai-based company, Forte Systems.
In September 2001, the former NKF signed a S$4.29 million agreement with Forte Systems to provide a new enterprise resource management system.
The deal involved payments from NKF even though Forte Systems was said to have failed to deliver some services.
The company was owned by Pharis Aboobacker, who's believed to be a friend of TT Durai.
Yong and Loo were summoned to the Commercial Affairs Department on Monday afternoon to collect the charges, but were not put under arrest.
Other lawyers say T T Durai, former Board member Matilda Chua and an unknown third party were dealt with separately by the Corrupt Practices Investigation Bureau.
This comes months after the 300-page KPMG report late last year which uncovered some questionable practices by the old NKF and the Health Minister had said then that anyone found to have broken the law will be prosecuted. - CNA/ch
posted by khimsiu at 12:32 AM
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