CAD swoops in on Tee Int'l after PwC report flags possible wrongdoings
Tay Peck Gek
Singapore
A DAY after Tee International's external investigator released a report that said laws might have been broken, the white-collar crime buster has swooped on the mainboard-listed company.
In a statement to the Singapore Exchange on Wednesday night, Tee said it had been asked to furnish documents to the Commercial Affairs Department (CAD) and also provide assistance in investigations into an offence.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee