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Zico Holdings subsidiary served writ of summons

Janice Lim

Published Fri, Apr 8, 2022 · 05:50 AM

Singapore

MANAGEMENT consulting company Zico Holdings said in a bourse filing on Thursday (Apr 7) that its indirect subsidiary Zico Trust has been served with a writ of summons on Apr 4.

The writ, filed by CPS German 1 on Mar 31, claimed that the trust company had received funds amounting to US$5 million and S$720,000 in 2 accounts and is liable to return them.

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