CAD probing Jason Holdings director Sim, not subsidiary, says company

Singapore

JASON Holdings has clarified that Singapore's Commercial Affairs Department (CAD) is investigating the company's director Jason Sim Chon Ang for a possible offence under the penal code and not Jason Parquet Specialist (Singapore) Pte Ltd (JPSS).

"As far as it (company board) is aware, the investigations conducted by the CAD on a possible offence under the Penal Code are only against Mr Sim and not against JPSS," said Jason Holdings chairman Lim Chwee Kim in an announceme…