03 Oct '11, 12am

Leading private school Cambridge Institute forced to transfer students to other schools & close its campuses over debts

Leading private school Cambridge Institute forced to transfer students to other schools & close its campuses over debts

Cambridge Institute principal Edwin Chan says he is trying to pay his staff their salaries in instalments. -- ST PHOTO: NURIA LING By Janice Tai A leading private school has been left homeless after running up hundreds of thousands of dollars in debt. Cambridge Institute has had to transfer nearly all of its students to other schools and stop taking in new ones, after it was forced to temporarily close its five Singapore campuses because it could not pay the rent. Two teachers have successfully sued it for unpaid salary at the Labour Court and nine more cases are pending. It is a dramatic turnaround in fortune for Cambridge Institute. Just two years ago, the school - whose former students include the Thai teenager who recently lost both legs after falling onto an MRT track - had annual takings of $10 million. In 2007, it was awarded the Singapore Quality Class, which means...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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