INDONESIAN tycoon Kris Wiluan was fined S$480,000 by the State Courts on Wednesday after he pleaded guilty and was convicted on three counts of market rigging involving the shares of Singapore-listed KS Energy - the now-collapsed oil services firm he led for decades.

INDONESIAN tycoon Kris Wiluan was fined S$480,000 by the State Courts on Wednesday, upon his conviction on three counts of market rigging involving the shares of Singapore-listed oil-services firm KS Energy, the now-collapsed firm he founded.

SINGAPORE: The former CEO and chairman of mainboard-listed KS Energy was on Wednesday (May 19) convicted of market rigging offences and ordered to pay a fine of S$480,000, the Singapore Police Force (SPF) said in a news release on Wednesday.  Kris Wiluan, 72, rigged the market 112 times between ...

THE judicial managers (JMs) of KS Energy have received approval from creditors to take the necessary steps to dispose of the assets of KS Drilling, as well as to discharge themselves and wind up KS Drilling after the satisfactory disposal of its assets, the company said in a bourse filing on...

KS ENERGY'S chief executive and directors have resigned, a day after the company was ordered by the High Court to be put under judicial management (JM).

KS Energy’s executive director and CEO Richard James Wiluan, along with the company’s independent directors Chew Choon Soo, Lawrence Stephen Basapa and Soh Gim Teik have resigned on Oct 13. The news comes after the appointment of judicial managers, Andrew Grimmett and Lim Loo Khoon of Deloitte &...

A SECOND attempt by Indonesia's Wiluan family to fight OCBC's bid to place KS Energy and a key unit under judicial management (JM) failed on Tuesday.

A SECOND shot by Indonesia's Wiluan family to fight key creditor OCBC's bid to place KS Energy and a key unit under judicial management (JM) failed on Tuesday.

IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management (IJM), High Court Justice Aedit Abdullah said there is a "very clear case of balance sheet insolvency" at the oil services group and that a JM order would seem highly...

IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management (IJM), High Court Justice Aedit Abdullah said there is a "very clear case of balance sheet insolvency" at the oil services group and that a JM order would seem highly...