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Terence Loh quits BN Group amid police probe into Novena Global Healthcare

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BELLAGRAPH Nova Group (BN Group) co-founder Terence Loh has resigned from the newly formed company, which was recently thrust into the spotlight for doctored photos of Barack Obama in its marketing materials.

He and his cousin Nelson Loh have also agreed to legally separate all their business interests.

Mr Terence Loh's resignation comes as Novena Global Healthcare Group (NGHG) - founded by the scandal-hit Singaporean duo - is under police investigation over allegedly unauthorised signatures on some of its financial statements.

At close to 1am on Wednesday, BN Group issued a statement saying that Mr Terence Loh "is trying to solve the problems" arising from the probe into NGHG, and they thus "mutually agreed" that he should quit.

https://www.businesstimes.com.sg/consumer/terence-loh-quits-bn-group-amid-police-probe-into-novena-global-healthcare

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OVER 10,000 JETS

A post on the @bellagraphnovagroup Instagram account said "with our world record number of private jets for a single entity, our over 10,000 private jets are ready to take you anywhere you wish to go with an unprecedented experience on board".

No information or booking function is available on the website of Dorr Group Private Jet Chartering, one of BN Group's entities.

The Instagram post was later edited to remove the mention of the number of private jets at its disposal.

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Football: Singaporean businessmen Terence and Nelson Loh in takeover bid for Newcastle United

Asked how interested parties could book a flight from them, a BN Group representative responded to The Sunday Times last night and said: "To book a private jet, clients will reach out to us through our partners or our sales agents. If you wish to book one, we'll have one of our agents speak to you."

https://www.straitstimes.com/sport/football/what-the-group-has-said

are the 10,000 jets still around ?

my friend is looking for one, he can FULL CASH. :XD:

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2 hours ago, Blueray said:

all because of want to buy newcastle trigger the public attention?

many years ago ... hearsay ... got 1 guy install golden tap ... then all become "jit dong jeng" ...

ownself brought down ownself? [sly] 

Edited by Wt_know
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Novena Global Healthcare co-founder Terence Loh says potential liquidation by DBS may not 'result in demise' of company

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Novena Global Healthcare co-founder Terence Loh has issued a statement on Nov 20, hours after news reports revealed that DBS Bank has applied to the High Court to wind up the company.

Novena Global Healthcare is reported to have owed the bank millions of dollars.

The firm will be put under liquidation if the application is successful.

Following the news, Loh says he has been assisting RSM, which was recently appointed by the supervisory committee of Novena Global to act as its special account.

The appointment was made at the behest of the five lender banks of Novena Global, DBS Bank included.

https://www.theedgesingapore.com/news/company-news/novena-global-healthcare-co-founder-terence-loh-says-potential-liquidation-dbs-may

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Its like when I stole the mangoes from my neighbour's tree

I told the wife not to post on her facebook in case they see.

:grin:

Being smart is when do bad things don't expose it!

image.png.51e8f17ac33d99f2d4d9aca2907518ed.png

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20 words & phrases that defined 2020: Bellagraph

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The group also billed itself as "a world's leading conglomerate" with 31 entities in "all major business fields, from financial to sport, healthcare and luxury goods, entertainment and robotics".

It claimed revenue of US$12 billion (S$16 billion) last year and said it had 23,000 employees and a new headquarters in Paris - all of which were not substantiated when probed by the media.

One Instagram post by BN Group claimed they had 10,000 private jets at their disposal. But a report in The Guardian last year said there were only 4,700 private jets in operation around the world.

https://www.straitstimes.com/business/companies-markets/20-words-phrases-that-defined-2020-bellagraph

:TT_TT:

ultimate big cannon fairy .... 

they should have said 10,000 private jets full cash ...  :XD:

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In a statement in response to DBS' application to wind up Novena Global Healthcare, which he co-founded with his cousin, Mr Terence Loh last month said: "Perhaps more than anyone else, I feel deeply betrayed by Nelson, who has left Singapore and appears to have no intention to sort out this terrible mess we are left with."

 

Edited by Blueray
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