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Pokka sues former CEO for $10 million in losses

30 Aug 2019 09:00

The beverage giant removed Mr Alain Ong from his posts last September after internal investigations.

By Selina Lum,Law Correspondent

Beverage giant Pokka has sued a former chief executive, alleging that he was part of a conspiracy that caused the drinks maker to suffer at least $10 million in losses.

Pokka has accused Mr Alain Ong Eng Sing of working with others to divert business to another beverage company, Asian Story Corporation (ASC), and of inflating the value of ASC in anticipation of its acquisition by publicly listed coffee shop operator Kimly.

Pokka alleged that Mr Ong, whose wife is actress Vivian Lai, had breached his duties as a director and employee.

The High Court lawsuit, filed last month, is brought by Pokka Corporation (Singapore) and its subsidiary Pokka International, which is mainly involved in the distribution of beverages.

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Source: Straits Times

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