IPC Corp says 2 of its directors being probed over Hyflux saga
Property investment firm adds matter is unrelated to group's business
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PROPERTY investment firm IPC Corporation on Wednesday confirmed that two of its independent directors are under investigation over troubled treatment water firm Hyflux's Tuaspring project.
Teo Kiang Kok and Lee Joo Hai are involved in the probe pertaining to potential lapses in certain disclosures by Hyflux on its Tuaspring integrated water and power project, and possible accounting irregularities. Mr Teo is lead independent director on Hyflux's board, while Mr Lee is a non-executive independent director.
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