JES denies allegations from former chairman

JES denies allegations from former chairman

Shanghai: Singapore-listed Chinese shipbuilder JES Holdings has denied allegations made by its former ceo and chairman Jin Xin, that his resignation letter was forged and that he had not resigned from the company.

JES said it had convened an independent investigation panel to verify the allegations and Jin Xin has refused to cooperate with the panel and give his account of events and submit any relevant evidence. The board of the company is of the view that the resignation announcement is not erroneous unless the resignation documents are proved to be fake and Jin’s signatures forged.

JES said it has engaged legal counsel to respond to the allegation and will not hesitate to take all necessary action against Jin Xin.

Jin Xin’s daughter Jin Yu, took over the ceo position of JES Holdings in March, following his resignation, and JES appointed Jin Yu’s mother Chu Caixia, as non-executive chairman of the company in May.

Four subsidiaries of JES Holdings intended to sue Ju Li Li, a former administrative officer of the company in July. It is alleged that Ju took illegal possession of the group’s administration records, including its constitutional documents, and the seals of JES’ Chinese subsidiary companies. Ju absconded following the resignation of Jin Xin.

JES said it had uncovered possible unauthorised payments made to Jin Xin and was conducting investigations.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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