Caely’s founder lodges report against board for dissemination of false information

Caely’s founder lodges report against board for dissemination of false information

The police report was lodged after fashion designer, Jovian Mandagie said that his appointment as the group’s executive vice chairman was false.

Caely Holdings directors have been accused of providing ‘false and misleading’ information in the appointment of an executive vice-chairman and an independent non-executive director.
KUALA LUMPUR:
Caely Holdings Bhd founder, Fong Nyok Yoon, has lodged a police report against the company’s board of directors over the dissemination of false and misleading information on Bursa Malaysia.

The police report was lodged after fashion designer, Jovian Mandagie said that his appointment as the group’s executive vice-chairman was false. He claimed the announcement had tarnished his corporate, business and personal reputation.

In her report, Fong said the current board of directors had proceeded with the appointment of Jovian Mandagie (executive vice-chairman) and Sandraruben Neelamagham (independent and non-executive director), without consent.

Fong Nyok Yoon.

“The announcement of such appointments without (prior) agreement has led to a false and misleading representation of the group to our shareholders. It reflects the incompetency and lack of transparency of the personnel responsible,” Fong said in a statement today.

In her report, she claimed that the directors were only given documents citing the qualifications of the two new candidates, giving the impression of consent for their appointments.

According to Fong, the board was given a 10-minute time frame to deliberate on the appointments. However, she said she did not give her consent.

Fong’s also claimed that no resolution was approved for the appointment of the public relations agency that disseminated the press releases pertaining to the appointments.

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