Mr Veerappan s/o Subramanian 

UPON FINDING that Mr Veerappan s/o Subramanian, CA (Singapore), had breached Rule 64.6 of the Institute (Membership and Fees) Rules, in that he was adjudged a bankrupt by DBS Bank Ltd on 5 February 2015 and is still an undischarged bankrupt, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a Member of the Institute with immediate effect.

Mr Ng Beng Hwee Michael

UPON FINDING that Mr Ng Beng Hwee Michael, CA (Singapore), had breached Rule 64.6 of the Institute (Membership and Fees) Rules, in that he self-petitioned as a bankrupt on 23 July 2015 and is still an undischarged bankrupt, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a Member of the Institute with immediate effect.

Mr Wong Shih Bang Benny

UPON FINDING that Mr Wong Shih Bang Benny, CA (Singapore), had breached Rule 64.6 of the Institute (Membership and Fees) Rules, in that he was adjudged a bankrupt on 1 October 2015 and is still an undischarged bankrupt, the Disciplinary Committee ordered that his name be removed from the register and that he shall cease to be a Member of the Institute with immediate effect.

Mr Alex Khor Kee Lin

UPON FINDING that Mr Alex Khor Kee Lin, CA (Singapore), had breached Rule 64.6 of the Institute (Membership and Fees) Rules, in that he was adjudged a bankrupt on 22 October 2015 and is still an undischarged bankrupt, the Disciplinary Committee ordered that he be suspended with immediate effect until such time when he is discharged.

Mr Patrick Lee Swee Ching

UPON FINDING Mr Patrick Lee Swee Ching, FCA (Singapore) and Member-in-retirement, guilty of misconduct for contravening Rule 64.1 read with Rule 65.2, and Rule 64.4 read with Paragraph 150.1 of the Third Schedule of the Institute (Membership & Fees) Rules made pursuant to Article 63 of the Constitution of the Institute, in that he had been convicted by the State Courts of the Republic of Singapore on 1 July 2015 of 7 charges of conspiring with others to falsify documents to cover up corrupt payments and was given a maximum fine of $210,000 by the State Courts, the Disciplinary Committee ordered that he be suspended for a period of twelve (12) months with immediate effect.

 Mr Teh Teong Lay

UPON FINDING Mr Teh Teong Lay, Associate, had contravened Rule 64.4 read with Section 110.2 of the Code of Professional Conduct and Ethics (the version effective from 1 August 2009) under the Third Schedule of the Institute (Membership & Fees) Rules, in that he, at the material time, being the sole shareholder and director of Setinggi Holdings Ltd (“Setinggi”) and the Group Financial Controller of Hoe Leong Corporation Ltd (“Hoe Leong”), had (i) knowingly allowed; or (ii) omitted to correct; or (iii) failed to publicly clarify the statement that Setinggi “is held by individuals Malaysian” to be made in a media release issued by Hoe Leong concerning the sale and purchase agreement (SPA) referred to therein, and the said statement is misleading or likely to mislead readers that Setinggi was owned by individual persons not related to the parties to the SPA, the Disciplinary Committee ordered.

1) That pursuant to Rule 137.1.5 of the Institute (Membership and Fees) Rules, Teh Teong Lay shall be required to attend and complete the following courses at his own expense:

a) Ethical Stewardship for Controllers and Finance Managers: Steering Ethically Throughout Your Accounting Career
b) Understanding the Regulatory Environment in Singapore 

2) That pursuant to Rule 167 of the Institute (Membership and Fees) Rules, Teh Teong Lay shall pay to the Institute the sum of SGD12,888.15 (inclusive of GST), being the costs and expenses incurred by the Institute in connection with the investigation and disciplinary proceedings undertaken against him within 30 days of the date of this order.

Mr Ulaganathan S/O Karumanan

UPON FINDING Mr Ulaganathan S/O Karumanan, FCA (Singapore) and Public Accountant, had contravened Rule 64.4 read with Sections SG210.17A, SG210.17A (b), SG210.17C and SG210.17D of the Code of Professional Conduct and Ethics under the Third Schedule of the Institute (Membership & Fees) Rules made pursuant to Article 63 of the Constitution of the Institute, in that he, at the material time, did not carry out the procedures to seek and obtain professional clearance from the outgoing company auditor prior to accepting the audit engagement, the Disciplinary Committee ordered that he shall be required to attend and complete the next Public Practice Programme (PPP) conducted by the Institute at his own expense.