Following her reported admission of scams and other wrongdoing against the firm, Surrey Hills Holdings has fired Ms. Pang Gek Teng from her position as CEO.
According to a statement released by the company on Friday, the termination took effect on Wednesday ( Mar 26 ).
The business, which owns Surrey Hills Grocer in an Australian-inspired style, claimed Ms. Pang had admitted to having “certain transgressions and scam” against it.
It further stated that it would conduct further inquiries to find out the entire scope of her alleged transgressions and any losses it might suffer as a result.
In response to inquiries from CNA on Friday, the business claimed to have found abnormalities during a regular internal review and economic checks.
A deeper analysis was initiated in response to this, which led to the discovery of Ms. Pang’s alleged wrongdoing.
The business took immediate action following her admission to these transgressions, which led to her dismissal on March 26.
Due to ongoing inquiries, Surrey Hills Holdings said it was unable to provide certain information about the situation. However, it stated that the alleged fraudulent actions were” significant enough to warrant fast dismissal.”
Following its analysis, it added that any legitimate action would be taken.
Madam Koh Chew Chee, a producer on the table of Surrey Hills Holdings, is currently taking over the position of CEO.
The company stated in its statement that the company’s operations would remain “without disruption,” and that the table and management are still committed to the growth of the business.
Previous lender Ms Pang, 36, founded Surrey Hills Grocer in 2021.
Ms. Pang said in a distinct statement that she was “deeply disappointed with the latest position” but glad of the company’s growth over the past four years. She continued,” I needed time to process what has happened.”
She said,” My devotion to the economy continues to be strong, despite my uncertainty about the future.”