Oxley Holdings CEO denies involvement in Venice corruption probe

Ching Chiat Kwong referred to the accusations as “unfounded and untrue”. 

Oxley Holdings Limited Executive Chairman and CEO Ching Chiat Kwong has denied recent allegations linking him to a corruption investigation in Venice, Italy.

The allegations, detailed in articles from ANSA.it, AP News, and Gutzy Asia, claimed Ching is linked to a scandal involving public officials in Venice.

Ching referred to the accusations as “unfounded and untrue”.  He said he has engaged legal representation and confirmed that no formal charges have been filed against him by the Venice Public Prosecutor’s Office. 

According to the company, Ching’s name appeared in the investigation register due to claims made by Claudio Vanin, a convicted individual involved in extortion trials. Vanin, previously associated with Sama Global Italia S.r.l., made allegations regarding improper dealings related to Ching’s investments, but these claims are currently under investigation for slander and extortion.

The group also clarified that transactions related to the Pili Land and Palazzo Papadopoli were conducted transparently and through public procedures. Ching also emphasised that his connections with the Mayor of Venice did not result in any negotiations or design phases for these properties. The ongoing investigation has led to the arrest of other individuals, but their charges do not relate to Ching.

The company said that Ching’s involvement in the mentioned property transactions is entirely personal and the group has no connection to these activities. The group's business operations remain unaffected by the investigation. 

The Nominating Committee and the board have expressed confidence in Ching’s integrity and capability to continue his leadership role. The board assured it will continue to monitor the situation and reassess Ching’s suitability based on new information as it becomes available

Ching will maintain his position as executive chairman and CEO.