More ripples from CAD penny stock probe

Singapore

INNOPAC managing director and chief executive Wong Chin Yong has become the fourth top executive to have his passport impounded by Singapore's white-collar crime buster in the probe into possible breaches of securities laws.

Mr Wong, who has been Innopac's boss since 2001, surrendered his passport to the Commercial Affairs Department in the investigation into false trading and market rigging - offences under Section 197 of the Securities and Futures Act (Cap 289).