Historical benchmark should be used to calculate losses owed by True Group’s ex-CEO: High Court

THE losses that former True Group chief executive officer Patrick Wee owes to the fitness chain should be calculated with reference to past performance and not internal budgets, Singapore’s High Court ruled on Thursday (Sep 5).

This method of calculation, preferred by Wee, would result in a lower estimate.

In July 2022, True Group won a lawsuit against Wee for mismanaging the closure of its…