Wednesday, April 12, 2006

TODAYonline-"NKF considers civil lawsuitAction against former directors being explored

TODAYonline: "NKF considers civil lawsuitAction against former directors being explored
Val Chua
Assistant News Editor
val@newstoday.com.sg

CRIMINAL action against the former management team of the National Kidney Foundation (NKF) may still be a question mark, but a separate civil suit is apparently in the works.
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The recovering charity — which was embroiled in a saga that forced new regulations on the industry — appointed law firm Allen & Gledhill (A&G) last week to look into possible legal recourse against the NKF's former top hats, according to a report in The Business Times.
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The top law firm was appointed after the NKF sought proposals from five firms, said Mr Gerard Ee, the chairman of NKF's new board.
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The move comes about four months after independent auditors KPMG issued a damning report on ex-CEO T T Durai and the former board of directors — led by then-chairman Richard Yong — for their roles in Singapore's biggest charity scandal.
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