Lew Syn Pau
Encyclopedia
Lew Syn Pau was a former Member of Parliament
Members of the Singapore Parliament
The following is a historical list of members for the current and past ten Parliaments of Singapore:-See also:*1st Parliament of Singapore*2nd Parliament of Singapore*3rd Parliament of Singapore*4th Parliament of Singapore*5th Parliament of Singapore...

 in Singapore as a People's Action Party
People's Action Party
The People's Action Party is the leading political party in Singapore. It has been the city-state's ruling political party since 1959....

 politician. Since 2002, he has been President of the Singapore Manufacturers' Federation (SMa). In 2005, he was charged under the Companies Act for contravening Section 76(1)(a)(i)(A) of the Companies Act (alleged illegal financial assistance) but was acquitted in August 2006.

Corporate directorship

According to corporate appointment announcements to the Singapore Exchange
Singapore Exchange
Singapore Exchange Limited is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges FederationSingapore Exchange...

, Lew, along with Chow Kok Kee and Wee Cow Jaw, has the most directorships of any person in Singapore. He is director of the following companies:
  • Achieva Ltd
  • Asia Food & Properties Ltd
  • Capital Connections Pte Ltd
  • Compart Holdings Pte Ltd
  • Food Empire Holdings Ltd
  • Golden Agri-Resources Ltd
  • Goodpack Ltd
  • Guangzhao Industrial Forest
  • Biotechnology Group Ltd
  • Lafe Technology Ltd
  • Poh Tiong Choon Logistics Ltd
  • Stanbridge International Pte Ltd
  • Strike Engineering Ltd
  • Vision Century Corporation Ltd

Political career

From 1988 to 2001, Lew was a Member of Parliament
Members of the Singapore Parliament
The following is a historical list of members for the current and past ten Parliaments of Singapore:-See also:*1st Parliament of Singapore*2nd Parliament of Singapore*3rd Parliament of Singapore*4th Parliament of Singapore*5th Parliament of Singapore...

. He was also Chairman of the Government Parliamentary Committee for National Development.

Breach of Companies Act

In 2005, he was charged under the Companies Act for contravening Section 76(1)(a)(i)(A) of the Companies Act (alleged illegal financial assistance). Lew was accused of abetting Wong Sheung Sze, chairman of Broadway Industrial Group, in unlawfully giving financial assistance to a third party to buy shares in the company.

Defense lawyers argued that the loan was legal because it was made by an overseas subsidiary, Compart Asia Pacific, the Mauritius
Mauritius
Mauritius , officially the Republic of Mauritius is an island nation off the southeast coast of the African continent in the southwest Indian Ocean, about east of Madagascar...

-incorporated unit of Broadway. Lew was alleged to have taken a director's loan in 2004 of S$4.2 million from that company.

Lew and Wong were acquitted by the Singapore High Court
High Court of Singapore
The High Court of the Republic of Singapore is the lower division of the Supreme Court of Singapore, the upper being the Court of Appeal. It consists of the Chief Justice of Singapore and the Judges of the High Court. Judicial Commissioners are often appointed to assist with the Court's caseload...

in August 2006.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK