No malicious intent, financial impropriety: Trek 2000 CEO Henn Tan

Singapore

TREK 2000 International's chairman and chief executive Henn Tan is denying financial impropriety, days after a forensic review found that he and current and former senior company officers could have potentially breached various Singapore laws against round-tripping, misappropriation, forgery and fraud.

In a Maxwellization totalling 82 pages, Mr Tan attempted to provide explanations for what RSM Corporate Advisory's forensic accountants deemed as round-tripping involving T-Data and S-Com HK and other suspicious transactions. Maxwellization is a procedure where individuals in an official inquiry are given a chance to challenge critical findings before they are published.