Sasseur Reit manager’s CFO under probe for personal trading of securities
Kelly Ng
THE chief financial officer (CFO) of Sasseur real estate investment trust (Reit) has been interviewed by the Monetary Authority of Singapore and Commercial Affairs Department as he “appeared to be acquainted with the circumstances of a case being investigated”, the Reit’s manager said in a filing with the Singapore bourse on Wednesday (Dec 7).
The investigation relates to Xie Jianfeng’s personal trading of securities, which is believed to have taken place had before he became an employee of the manager.
Xie told the manager that the authorities were conducting an investigation under the Securities and Futures Act of Singapore 2001, and that he was requested to attend the interview at the MAS on Dec 5.
He has surrendered his passport to the authorities pending further investigations, and he is not aware of restrictions or conditions imposed by the authorities as at the date of the filing with the bourse.
The Reit manager’s nominating and remuneration committee believes that, since the investigation has just started and no charges have been filed against Xie, he can carry on with his responsibilities as before.
Xie has signed an undertaking to keep the manager’s board updated on the progress of the ongoing investigation.
Sasseur Reit and its manager are not under investigation.
