Allied Tech said the authorised joint signatories for fund disbursements from the escrow account comprise its executive director Kenneth Low Si Ren and independent director Lim Jin Wei.
The precision-engineering firm said it has instructed its lawyers to respond to the JLC letter to clarify the situation.It is also requiring the law firm to provide documentary evidence and a statement of accounts of the escrow funds as well as an update on Mr Ong's whereabouts.
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