SINGAPORE : Singapore-listed JLJ Holdings said its Executive Chairman Chua Kim Guan has voluntarily relinquished all executive duties in the company for the time being.
The firm said the move will facilitate the impartial review of all activities relating to a lawsuit brought on by tech giant Apple that may involve the company and its subsidiaries.
This followed the indictment of Paul Devine, a global supply manager from tech giant Apple.
Mr Devine has been charged with receiving bribes from six Asian suppliers in exchange for confidential information about the US company's product roadmap and sales forecast.
The lawsuit also named Andrew Ang, a former assistant general manager of JLJ Holding's unit, Jin Li Mould Manufacturing.
Mr Ang is the brother-in-law of Mr Chua.
The firm said it has embarked on a thorough and objective review of the situation which is being undertaken by an independent legal advisor appointed by the company.
But for now, it expects operations to continue as usual.
Shares of the Singapore firm have fallen 18 percent since the news of the investigation broke and on Thursday it requested a suspension in the trading of its shares.
Other Asian firms named in the lawsuit include a unit of Taiwan's Asustek and South Korean custom earphone and headset maker Cresyn. - CNA/ch
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