Indian national declared bankrupt in Singapore
Singapore: An Indian national, who was a director of several companies owing wages to more than 400 migrant workers, has been declared bankrupt in Singapore.
According to Kashmir Media Service, a bankruptcy order was made against Ramu Palani Velu on August 13, The Straits Times reported. He is a Singapore permanent resident.
Ramu is a director of seven local companies providing air-conditioning, plumbing and building services, including KPA Engineering, SK Industries and VVR Plant Engineering.
A total of 407 workers, including Indian nationals, have lodged claims for unpaid wages, with some allegedly not receiving their salaries for more than two months.
Signs of trouble emerged in 2025 when five workers from KPA Engineering separately approached the Tripartite Alliance for Dispute Management over unpaid wages.
The cases were resolved within a week, with the workers receiving payment from their employer. However, in May and June, four other KPA Engineering workers filed claims for unpaid salaries.
