SINGAPORE: Singapore authorities said on Tuesday that they are investigating Noble Group Ltd for suspected false and misleading statements and breaches of disclosure requirements under the city-state’s laws.
Authorities are also looking into potential non-compliance with accounting standards by Noble’s wholly-owned subsidiary, Noble Resources International, the Commercial Affairs Department of the Singapore Police Force, the Monetary Authority of Singapore and the Accounting and Corporate Regulatory Authority said in a joint statement.
Noble, once Asia’s top commodity trader, is seeking to transform into an Asia-focused coal-trading business following a $3.5 billion debt restructuring deal.
Noble could not be reached immediately for a comment when contacted by Reuters. - Reuters
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