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Elite Diagnostics distances itself from president of Alliance Finance Services

Listed company Elite Diagnostics is distancing itself  from one of  the principals of  Alliance Finance Services who served on its board of  directors.

In a notice to the Jamaica Stock Exchange, dated December 23, Elite said Alliance's President Peter Chin has not been re-appointed as a Director of  the company effective December 14.

Mr. Chin was also replaced on various sub-committees in the company.

This includes Elite's Audit Committee and Corporate Governance and Compensation Committee.

Mr. Chin, and his brother Robert Chin have been charged with breaches of  the Bank of  Jamaica Act and the Proceeds of  Crime Act.

The two men are to return to court on January 10.



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