The Trendlines (SGX:42T) terminated the employment of Anton Wibowo, chief executive officer of its subsidiary Trendlines Agrifood Innovation Centre, according to a filing with the Singapore Exchange on Wednesday.
The termination follows the conclusion of an independent investigation into the extent of misappropriations between Jan 1, 2023, to Dec. 31, 2024.
Following the conclusion of these investigations, Anton was fired from his role while the group will now consider its legal options.
Meanwhile, Stephen Rhodes, the group's founder, has assumed the role of the subsidiary's CEO on an interim basis.
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