CAD orders Midas to hand over documents, staff details

Singapore

BELEAGUERED railway-parts maker Midas Holdings - which is under investigation by Singapore authorities - on Tuesday said the Commercial Affairs Department (CAD) has ordered the company to hand over financial documents, and a list of certain staff.

The documents include financial documents for the relevant companies in the group, as well as a detailed list of all persons who acted as the legal representative, general manager or financial controller of the relevant subsidiaries as well as specimen signatures of these individuals.