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SINGAPORE: The board of CK Tang said in a statement to the Singapore Exchange that the three charges faced by its chairman Tang Wee Sung under the Human Organ Transplant Act are not expected to have any material impact on its business operations.
Tang was slapped with three charges in court on Thursday for his role in the kidney-for-sale case.
The first was for entering into an arrangement to buy a kidney from Sulaiman Damanik, an Indonesian. Tang was alleged to have paid his runner, Wang Chin Sing, S$300,000 for being the middleman.
The other two charges are for making a false declaration to the Commissioner of Oaths and for lying to the Mount Elizabeth Hospital's ethics committee in his oral statement.
Tang is out on a S$15,000 bail. If convicted of all three charges, he could be fined up to S$10,000 or jailed up to three years.
- CNA/so
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