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Fall from grace - founder pleads guilty

Almost four years has passed. Any bad news and company overhaul restructuring will certainly come to an end, and has been faded by time goes by! Would that be good to recall this slipping investment opportunity to resurface on the SGX market?

travelbug      ( Date: 26-May-2006 11:40) Posted: Fall from grace! Wonder if ACCS will ever recover from this scandal. Link to full article ACCS founder Victor Tan pleads guilty to 21 charges Mitigation plea to be heard in July; firm's ex-GM Damien Ang also pleads guilty By Lee Su Shyan May 26, 2006 The Straits Times THE former business high-flyer Victor Tan pleaded guilty yesterday to 21 charges over the multi-million-dollar scandal at Accord Customer Care Solutions (ACCS), the firm he founded. Tan, 34, standing calmly in the dock wearing a red shirt and dark tie, took his plea firmly. The former chief executive (CEO) had initially intended to claim trial on the 99 charges he faced. But on Monday, the case was postponed to yesterday when a guilty plea was taken, so avoiding a lengthy trial.

 

This counter is now at low level. seem holding at this level of 0.105 n 0.11, I think it it is at the bottom and the CEO case will not have much impact.

 

mobile phones so cheap, why repair ?

repair cost so high, why repair.

new model so nice, why keep old model ?

stolen phones, how to repair ?

 

Fall from grace! Wonder if ACCS will ever recover from this scandal.

Link to full article

ACCS founder Victor Tan pleads guilty to 21 charges

Mitigation plea to be heard in July; firm's ex-GM Damien Ang also pleads guilty

By Lee Su Shyan
May 26, 2006
The Straits Times

THE former business high-flyer Victor Tan pleaded guilty yesterday to 21 charges over the multi-million-dollar scandal at Accord Customer Care Solutions (ACCS), the firm he founded.

Tan, 34, standing calmly in the dock wearing a red shirt and dark tie, took his plea firmly.

The former chief executive (CEO) had initially intended to claim trial on the 99 charges he faced. But on Monday, the case was postponed to yesterday when a guilty plea was taken, so avoiding a lengthy trial.