Oxley Holdings further denies CEO’s links to Venice corruption probe

It clarified that CEO Ching Chiat Kwong acted on its behalf when evaluating the Pili Land.

Oxley Holdings Limited has further denied the involvement of its Executive Chairman and CEO, Ching Chiat Kwong, in the corruption investigation involving public officials in Venice, Italy.

In a statement issued on 25 July,  Ching told the board said he was acting on behalf of the group when he evaluated proposals for the Pili Land in 2016. He clarified that it was deemed financially unfeasible and no further steps were pursued. The plan was to potentially transform the land into a waterfront township similar to the Royal Wharf project in the UK.

Additionally, he reiterated that his purchases of Palazzo Donà and Palazzo Papadopoli were personal investments and unrelated to the ongoing corruption investigation in Venice.

In an earlier statement, the group described the accusations against Ching as “unfounded and untrue.”