Singapore
Mazars LLP's audit of scandal-hit Midas Holdings has come under the scrutiny of Singapore's Accounting and Corporate Regulatory Authority.
Midas, a Chinese railway parts maker which has a primary listing on the mainboard of the Singapore Exchange and a secondary listing in Hong Kong, is being investigated in Singapore and China for fraud.
Founded in 2000 by Patrick Chew, a Singaporean businessman with a rags-to-riches story, and a Chinese partner, Chen Wei Ping, trading in Midas shares has been suspended since Feb 8. Midas has been slapped with lawsuits filed in China over unauthorised loans by its ex-chairman, Mr Chen, and guarantees involving its Chinese units.
"Acra is closely monitoring...