THE white-collar crime busters have come knocking on the doors of KLW Holdings.
The Catalist-listed doormaker on Monday said it had received a notice dated Nov 19 from the Commercial Affairs Department (CAD), stating that it was investigating an offence under the Securities and Futures Act.
The CAD had on Nov 19 interviewed the group's head of operations and human resources, Gaw Kuan Ching Jaslin. Ms Gaw, who was formerly the group financial controller, was released on bail.
Similarly, the company's former managing director, Lee Boon Teck, was questioned by the CAD on Nov 19 and 20. Mr Lee, now a consultant of the firm, has been asked to surrender all travel documents and access to certain other documents.
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CAD has also requested access to the group's accounting records, banking records, corporate secretarial documents, draft announcements prepared for the company and all relevant IT equipment and corporate emails from Jan 1, 2012 onwards.
These come after the firm's special auditor found apparent lapses in internal controls and potential breaches of disclosure rules.