In 2003, the property in Tampines was bought by one of the father’s companies.
The son told the court he was appointed CEO in 2004, and he claimed that the business boomed under him.
The defendant, however, said his son was “not substantively involved” in setting up the company, and that he saw it as a family business and wanted his five children to be involved in it.
His son only started working in the company in 2003 after getting his master’s degree. In 2004, the father agreed to make his son CEO as he “wanted to groom” his son to take over.
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