Tycoon denies exploiting residents

Lee: ‘That was not picked up by the programme which chose to single out Aveo and Mulpha’s shareholdings in Aveo instead. Perhaps, it is because we are seen as foreign investors?’

PETALING JAYA: Mulpha International Bhd’s 22.6% associate in Australia, the Aveo Group which operates a retirement village, has come under fire but chairman Lee Seng Huang reckons it is a victim of sensationalised and biased reporting.

Lee, whose family controls Mulpha International and Mudajaya Group Bhd, is the non-executive chairman of Aveo Group which is listed on the Australian Stock Exchange (ASX).