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MAS requests access to documents from KTL Global over ongoing investigation

OIL and natural gas company KTL Global on Thursday said that it has received a notice from the Monetary Authority of Singapore (MAS) which states that an investigation is being conducted into an offence under the Securities and Futures Act.

For the purposes of its investigation, the MAS has requested access to details of the group's local and overseas bank accounts and statements, accounting documents and books, and accounting records relating to the proceeds the company raised from the private placement deal with Infinity Global Consultancy Pte Ltd in March 2015.

It said: "MAS has not given the company any further details of its investigations. The business and operations of the company are not affected by the investigations and will continue as normal. The company has extended and will continue to extend its fullest co-operation to MAS in its investigations."