Swiber officials probed by S’pore CAD


SINGAPORE: Swiber Holdings Ltd, the Singapore-based firm that roiled the local bond market when it defaulted earlier this year, said some of its current and former executives including the executive chairman and group chief financial officer have been interviewed by Singapore’s Commercial Affairs Department (CAD) as part of investigations.

The white collar crimes agency informed Swiber that eight people were interviewed and were released on bail in relation to alleged infringements under the Securities and Futures Act, according to a stock exchange filing.

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Business , Swiber , Singapore

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