Remisier kings
The cousins who have taken over Peter Lim’s throne View PDF
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Kelly Tay
17 September 2014
The managing director of Magnus Energy Group, Mr Lim Kuan Yew, has resigned to "pursue his personal ventures and businesses".
His resignation, announced in a filing with the Singapore Exchange on Tuesday, takes effect on Sept 30.
The news comes 21/2 months after the company's former executive director, Koh Teng Kiat, stepped down.
In April, the oil and gas contractor and coal mining investor had announced that the passports of Mr Koh and the company's chief financial officer Luke Ho Khee Yong had been impounded by the Commercial Affairs Department (CAD) in light of a probe.
The CAD has asked for access to all corporate electronic data, information technology equipment and data storage devices belonging to Mr Koh and Mr Ho, and all relevant documents dated between Jan 1 2011 to date.