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Pacific Radiance executive director being investigated by CPIB
AN executive director of offshore marine support services firm Pacific Radiance is being investigated by Singapore's anti-corruption officials after he was arrested and released on bail.
The mainboard-listed company said on Tuesday Mok Weng Vai was arrested by the Corrupt Practices Investigation Bureau (CPIB) on Dec 2.
This was on the suspicion of an offence under Section 6(c) of the Prevention of Corruption Act (Cap 241) of Singapore, which deals with a person intending to mislead another party with receipts, accounts or documents containing erroneous information.
He has not been charged in court, and was released on police bail on the same day, said the company. Investigations are ongoing, it added.
Pacific Radiance's counter closed on Monday at S$0.155, a 0.2 Singapore cent increase.