Tan Liang Kwang has ceased to become Financial Controller of Asia Power Corp.
Reports says that Tan, 32, was sacked for allegedly withdrawing company funds by forging signatures on a number of company cheques.
According to the company, Tan admitted to the wrongdoing.
Tan has also resigned with immediate effect from his position as joint company secretary of the company.
Prior to joining the group, Tan was the Audit Senior Manager of Deloitte & Touche LLP, Singapore, specialising in Energy and Resources clients.
During his employment with Deloitte, he has accumulated extensive knowledge and experience with SGX-listed companies.
Tan holds a Bachelor of Accountancy degree from the Nanyang Technological University and is currently a Certified Public Accountant (non-practicing member) of the Institute of Certified Public Accountants of Singapore.