As the former chief executive of beverage company Pokka International, Ong Eng Sing had to declare his partial ownership of a drinks company when the two companies entered into a transaction. But he did not, and on Monday (Aug 22), the 47-year-old Singaporean was fined $15,000 after pleading guilty to three charges under the Companies Act. He was also disqualified.
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SINGAPORE (The Straits Times/Asia News Network): Pandemic aside, the corporate world saw its fair share of drama this year as several businessmen made the news for the wrong reasons.