Starburst chairman, MD being investigated by CPIB for alleged 'corrupt transactions with agents'
Add BT as a preferred source
Janice Heng
Singapore
STARBURST Holdings executive chairman Edward Lim Chin Wah and managing director Yap Tin Foo are being investigated in relation to "corrupt transactions with agents", the Catalist-listed firm said on Wednesday, in response to queries from the Singapore Exchange on Monday.
Starburst had announced on Nov 15 that Mr Lim, Mr Yap, and senior project manager Josiah Lawrence Ng Eng Long were on bail amid an investigation by the Corrupt Practices Investigation Bureau (CPIB), related to the affairs of wholly-owned unit Starburst Engineering Pte Ltd.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
