Singapore's Blumont says police probing acquisitions


SINGAPORE: Singapore-listed diversified firm Blumont Group Ltd said the police were probing its acquisitions as part of an investigation into the company following a penny-stock crash last year.

The Commercial Affairs Department (CAD), Singapore's white-collar crime police unit, has asked Blumont to give it access to documents relating to some acquisitions, including completed and proposed deals, the company said in a statement to the Singapore stock exchange on Tuesday.

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