When asked for their opinions, two of the three top executives who were recently fired by Singapore Post  said they were unaware of the full facts of the situation.
Former , party CEO Vincent Phang and past team chief financial officer Vincent Yik said they would contest , the bank’s decision to terminate their work. They have argued that the procedure leading to their dismissal was harsh and that it was “without merits.”
According to SingPost, the couple made “false assertions” while conducting investigations into the misrepresentation of the unit’s piece package data, along with Mr. Li Yu, the former CEO of the international business product.
The allegations were made in a whistleblowing report that the business received in January, prompting the start of group internal audit ( GIA ) investigations.
According to SingPost, the assessment committee met on Mar 11 and Apr 3 to discuss the findings by GIA. The audit commission requested the , help of , physical legal counsel on April 3 and a forensic service provider on April 19 because the representations made by management conflicted with the findings of GIA.
Mr. Phang and Mr. Yik stated in a statement on Tuesday ( Dec. 31 ) that they were asked for their opinions on March 11 and March 3 and that they “reacted accordingly based on the information that was provided to us at the time.”
According to them, “full facts just became known after the additional forensics team’s investigations determined the causative correlation on April 27, 2024.”
Their speech came after SingPost responded to inquiries from partners later on December 29 regarding its decision to fire three top executives simultaneously.
According to president Simon Israel in an a , Singapore Exchange processing,” the dismissal of senior administration was a thoroughly considered decision by the board, based on established facts and supported by constitutional advice, including a second impartial opinion from top counsel of another law firm.”