MAM
Viacom Asia ropes in WPP’s Added Value finance director Lee Shin Yng as CFO
MUMBAI: Viacom International Media Networks (VIMN) Asia has appointed Lee Shin Yng as chief financial officer (CFO).
In this position, Yng will be based in Singapore, and reports directly to VIMN Asia COO Tan Chee Kiat.
With 16 years of accounting and finance experience, Yng was mostly recently the finance director for Greater China at Added Value Limited, a part of the WPP Group.
She will drive Asia’s financial strategies and performance and will be responsible for the company’s financial reporting and planning. Yng will also serve as a business partner to VIMN Asia EVP and MD Mark Whitehead and Kiat, providing financial guidance and counsel on the company’s strategic direction.
“Shin Yng’s extensive regional experience and acute financial acumen provide her with a deep understanding of the Asian markets we operate in, making her well prepared to take up this important leadership of Asia’s financial operations,” said Kiat. “I am confident she will help build upon the strong progress we have made over the past year, to help make many contributions to further VIMN Asia’s success in the future.”
Prior to Added Value Limited, she spent seven years with the Reed Elsevier Group where she last served as the finance director for Greater China in the LexisNexis division of the Group. Her previous assignments included holding office as the financial controller for China within the same division and as the business controller for Asia Pacific and Japan in the Elsevier division.
She previously held roles in public listed companies such as Neptune Orient Line Ltd and United Overseas Bank.
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Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
