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2024
Mr Chai Chung Hoong
UPON FINDING that Mr Chai Chung Hoong, CA (Singapore) had contravened Rule 64.1 read with Rule 64.3 of the Institute (Membership and Fees) Rules, in that he had been found guilty and convicted by the State Courts of the Republic of Singapore for four counts of offences under Section 157(1) which are punishable under Section 157(3)(b) of the Companies Act for failing to exercise reasonable diligence in the discharge of his duties as a director of four Singapore-registered companies and sentenced to six weeks imprisonment on 25 March 2022, and that following the above, the High Court of the Republic of Singapore had rejected both Mr Chai’s appeals against his conviction and sentence and issued its grounds of decision dated 7 February 2023,
The Disciplinary Committee ordered:
That pursuant to Rule 137.1.1 of the Institute (Membership and Fees) Rules, his name be removed from the register and that he shall cease to be a Member with immediate effect.