SIAS withdraws Most Transparent Company Award from Midas

Singapore

THE Securities Investors Association (Singapore) or SIAS has withdrawn its Most Transparent Company Award from scandal-hit Midas Holdings.

This comes after Mazars LLP, the auditors for Midas, publicly disclosed that their reports on Midas for 2012 to 2016 can no longer be relied on, thus undermining the basis for the awards, SIAS president and chief executive David Gerald said in a statement.