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Third executive fired by SingPost to contest decision
The Straits Times
|December 27, 2024
The third executive who was fired by Singapore Post on Dec 21 following investigations over a whistleblower's report will contest his termination, saying the move is undue, unfair and without merit.
In a statement posted on LinkedIn on Dec 24, Mr Li Yu, the former chief executive of the SingPost international business unit involved in a data falsification case, said he will contest the termination of his employment, the alleged reasons for the decision and the disciplinary proceedings.
"I will seek to enforce my legal rights and vindicate my personal reputation," he wrote.
"I disagree with the alleged reasons given and will robustly defend my position in the proper forum."
Mr Yu, group CEO Vincent Phang and group chief financial officer Vincent Yik were sacked with immediate effect on Dec 21 after investigations stemming from a whistle-blower's report sent to SingPost and the Infocomm Media Development Authority in February were concluded.
The report was not disclosed to shareholders until December.
This story is from the December 27, 2024 edition of The Straits Times.
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