Property group Lee Kim Tah reaches settlement with ex-director in ongoing misconduct probe
Lee Kim Tah has settled with former director Edmund Cheah to aid investigations into bribery allegations at its Indian joint venture.Summary
Singapore-based property group Lee Kim Tah (LKT) has reached a settlement with former director Edmund Cheah to facilitate ongoing investigations into its Indian joint venture, L&W Construction. The settlement, signed on May 18, requires Cheah to cooperate with LKT and its advisers regarding transactions, governance, and financial matters involving LKT-Woh Hup (LKT-WH) and L&W. LKT had previously sued Cheah in May 2025, alleging he breached fiduciary duties by permitting related-party transactions detrimental to the company's interests and failing to disclose them. The group stated that Cheah's cooperation will support its governance audit and help corroborate information already obtained. LKT remains committed to upholding the highest ethical standards and has a zero-tolerance policy towards unethical conduct.
(Source：The Business Times)