Allied Tech readies repsonse on embattled executive's arrest

Allied Technologies executive director Kenneth Low was arrested last week.

Catalist-listed Allied Technologies is under intense scruitiny this week, after the company's executive director Kenneth Low Si Ren was arrested on April 7. He was called in by the Commercial Affairs Department(CAD), and was released on bail the same day.

This led to the Singapore Exchange (SGX) sending several questions to the precision engineering firm. This included queries on the specific charges, the company's assessment of those allegations, and the potential impact on the company.

The SGX also asked if Low was indeed asked to surrender his passport to the CAD as a part of the investigation.

The bourse sought clarification on Low's involvement with the case against former lawyer Jeffry Ong Su Aun for alleged misapporpriation of company funds, as news articles named the executive director among one of the co-accused.

Allied CEO and executive director Leow Wee Kia Clement, in a bourse disclosure, said the company would respond to the queries posted by the SGX by April 14.

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