No further action from police on S$10,000 drawn from Kitchen Culture account
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Fiona Lam
THE Commercial Affairs Department (CAD) has said there is insufficient evidence to prove that a criminal offence was committed in relation to 4 cash cheques totalling S$10,000 that were withdrawn from Kitchen Culture’s bank account.
This comes after the CAD’s review into the matter raised in a police report lodged by the company last December.
CAD will therefore be taking no further action on the matter, Kitchen Culture said in a bourse filing on Wednesday (May 11) night.
The Catalist-listed firm’s financial controller had made the police report so as to obtain a police order that would be submitted to the bank, to facilitate the retrieval of the 4 cash cheques that were withdrawn in 2020.
The matter arose from 2 employees informing the company that they were not the recorded recipients of the cash cheques, Kitchen Culture said in a filing last month. in April 2022.
Back in July 2021, the company also lodged a report with the CAD, in relation to “suspected payroll irregularities” amounting to about S$520,000.
Shares of Kitchen Culture have been suspended from trading since July 2021. They last traded at S$0.08.
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