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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Swiber , Singapore

   

Next In Business News

Fed dampens hopes for rate cut
CapBay aims to provide financing to more SMEs
Farm Price IPO oversubscribed by 91.35 times
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing
UUE inks deal with M&A Securities to go public
XOX plans share capital reduction
DNB board to meet soon on 5G share sale deal
WTK to buy 15% stake in Durafarm
Wall St set to open sharply higher on soft jobs data

Others Also Read