A Succession-like feud has engulfed one of Singapore's richest families as Kwek Leng Beng, the executive chairman of property firm City Developments Limited (CDL), accused his son Sherman, who is the firm's chief executive,

An alleged boardroom coup attempt, a lawsuit between a family patriarch and his son, and accusations of corporate governance lapses — even by the standards of Asian succession drama, the family feud raging at Singapore’s Kwek dynasty stands out.

City Developments Limited (CDL), controlled by Singapore’s 4th richest man Kwek Leng Beng, saw its revenue and profit plunging by a third last year before the eruption of a family feud over its management.