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Lau Goh's son sued over US$156 million loss

eatshitndie

Alfrescian (Inf)
Asset
all the companies and boards he is involved in are either in trouble or truly fucked up. there’s a common denominator, and it’s the to-goh guy like in to-go guy in rallying and salvaging a game in nba basketball.
 

red amoeba

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It’s indeed a feeble attempt to smear teh good name of PAP elite. Mad Selamat escaped due to guards sleepwalking through their job, did Wong kang Seng kenna censured ?
 

Rabbit7

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Loyal

Company in Singapore stripped of bunker craft licence for equipment tampering​

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OCT 15, 2019

SINGAPORE (REUTERS) - The Maritime And Port Authority (MPA) of Singapore has stripped marine fuel services provider Inter-Pacific Petroleum (IPP) of its bunker craft operator licence in the port of Singapore, effective immediately, it said on Tuesday (Oct 15).
"MPA's checks and subsequent investigations revealed magnetic interferences affecting measurements of bunkers supplied in numerous Mass Flow Meter readings across Inter-Pacific's fleet of bunker tankers," said the agency.
The MPA added that IPP had also failed to ensure that its employees complied with the terms and conditions of its licence.
On June 27, the port authority had suspended IPP's licence to operate bunker barges in the world's largest bunkering hub pending further investigations.
In late August, Inter-Pacific Group Pte (IPG), the parent company of IPP, in an application to Singapore courts filed for a court-led debt restructuring process, citing "a significant cash-flow crunch" following the suspension of IPP's licence.
IPP's outstanding liabilities had totalled more than US$168.5 million (S$230.6 million), according to court documents reviewed by Reuters.
As of Sept 25, IPP still holds a bunker fuel supplier licence in Singapore, according to the MPA's website.

Singapore is the world's largest bunkering hub and in 2018, the company was ranked the 26th-largest supplier by delivered volumes out of 51 other operators, according to the MPA.

What's the name of lau Goh's Brudder ?

Is it true that this Brudder is the Master lease-holder of the premises at Dempsey Hill,.. and he sub-lets to all the other operators ?

Sounds like a damn Good Deal,.. no need the bigg $$$ to buy the massive properrty, but get to play land-Lord, "God Father" collecting rents from the subordinate operators,..

Written Without Prejudice
 

borom

Alfrescian (Inf)
Asset
Call it Karma, retribution,poetic justice ect2,you cannot escape from natural "law " .
What kind of people pay themselves the highest salary in the world to "serve" the country and people , the type that say $600,000 was peanuts or bring their their family problems to Parliament.
The worst of course are those who actually voted for them
 
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