Tritech, Tiong Seng executives charged with corruption involving former LTA deputy group director

Singapore

TWO listed companies were scrambling on Friday to deal with the corruption charges that have ensnared their senior executives and a former Land Transport Authority (LTA) officer.

The Tritech Group announced the resignation of executive director Cai Jungang before market open; Tiong Seng Holdings said its chief executive and executive director Pek Lian Guan and Tiong Seng Contractors director Pay Teow Heng will relinquish their roles for now.