Acra investigates Singapore Kitchen Equipment over possible falsification of report

Tay Peck Gek

Published Mon, Apr 11, 2022 · 10:07 PM

SINGAPORE Kitchen Equipment said it has been informed by the Accounting and Corporate Regulatory Authority (Acra) about an investigation into possible falsification of a report.

In a regulatory filing, it said the letter dated Mar 30 from the regulator of business registration, financial reporting, public accountants and corporate service providers requested a copy of the finalised report on potential irregularities relating to certain accounting records of its wholly owned subsidiary Q'son Kitchen Equipment.

Alternatively, the draft report by the law firm Rajah & Tann Singapore dated Aug 6, 2021 should be handed over, if the finalised version is not ready.

The document is requested by the regulator for its investigation into possible breaches of Section 402(1) of the Companies Act, which states that it is an offence for a company's officer with the intent to deceive, produces or knowingly and wilfully authorises the production of any false or misleading statement or report to a director, auditor, member or debenture holder of the corporation or to an auditor of its parent company.

Singapore Kitchen Equipment said it will hand over the draft report as the finalised version is not yet available. Trading of the Catalist company's shares has been suspended since Aug 2, 2021.