Carson Wen, the Founder and Chairman of Bank of Asia (BVI) Limited and the Chairman of the Sancus Group of companies, has engaged in an employment dispute with the former employer Chad Holm, who was the Deputy CEO of the Financial Holdings (BVI) Limited which was a Special Purpose Vehicle (SPV) established by Sancus in 2015. It is crucial to clarify that this employment dispute does not related to Bank of Asia (BVI). There is no doubt that bringing Bank of Asia (BVI) into this dispute is inappropriate because Bank of Asia (BVI) will not be impacted by the dispute in any way.
As for the dispute itself, Carson Wen has taken further legal action and appealed to the Privy Council in the United Kingdom at the end of 2020. Last but not least, what is needed to be further stated is that Chad Holm’s claim of unpaid wages was false and without concrete evidence.