Former group CEO Vincent Phang and former CFO Vincent Yik were responding to calls from the Securities Investors Association (Singapore), or Sias, for an independent, professional inquiry into the events that led to their dismissal on Dec 21.
They were fired following a whistle-blowing report and internal investigations. A third executive, Mr Yu Li, the CEO of the international business unit at the company, was also dismissed along with them.
"We would like to state that we welcome any independent inquiry, including any from other regulatory bodies or authorities, and would participate fully," Mr Phang and Mr Yik said.
On Jan 2, Sias said shareholders deserve to know what exactly happened, as the sudden dismissal of three senior executives from SingPost, coupled with their vigorous denial of the allegations against them, has raised "critical questions".
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