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Kimly's chairman, executive director arrested, later released on bail
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Nisha Ramchandani
Published Tue, Dec 4, 2018 · 09:50 PM
Singapore
KIMLY'S executive chairman and executive director were arrested by the Commercial Affairs Department (CAD) on Tuesday for allegedly flouting the Securities and Futures Act and later released on bail.
In a filing to the Singapore Exchange on Tuesday night, the Catalist-listed coffeeshop operator said: "(They were) ... arrested for having been concerned, or reasonably suspected of being involved in, an offence under Section 199 of the Securities and Futures Act."
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