CapitaLand issues statement on alleged misconduct by former employees

The company said the matter is related to a past incident in 2023.

CapitaLand has said that allegations concerning some of its former employees in India relate to a past incident uncovered in 2023, stressing that the company immediately conducted an internal investigation and referred the matter to the police.

“Given the ongoing investigation, we are unable to comment further on the case. CapitaLand is fully committed to conducting business with the highest ethical standards and integrity and has a zero-tolerance policy towards unethical conduct,” CapitaLand said in a statement.

According to news reports, the matter surfaced in court filings from a lawsuit brought by Singapore construction firm Lee Kim Tah (LKT) against one of its former directors for alleged breach of duties.

The reports said the claims involved improper payments made to certain CapitaLand staff in relation to a project in Pune, India.

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