HK-based Transport International's director under UK police investigation (updated)

Transport International Holdings

13/08/2024 10:03

(Adds UK police declined to comment in paragraph 3)
       Aug 13 (Reuters) - Hong Kong-based Transport
International's  0062.HK  non-executive director, William Louey
Lai Kuen, was arrested and released on bail in the UK in an
investigation into a personal matter unrelated to the firm, the
company said on Tuesday.
    The company's statement did not divulge the charges or any
details about the investigation, nor give a date of the arrest.
    The UK police declined to comment, while Louey could not
immediately be reached for a request for comment by Reuters.
    "To the best knowledge, information and belief of the Board,
the investigation and the involvement of Mr. Louey in the
investigation do not relate to the current affairs of the
company and do not and will not have any material adverse impact
on any of the businesses and daily operations of the company and
its subsidiaries," Transport International said.

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio
D'Souza)
 ((Rishav.Chatterjee@thomsonreuters.com;))