Swiber under investigation by CAD
SINGAPORE'S white-collar crimebusters have come knocking on the doors of Swiber Holdings.
Swiber said on Wednesday it has received a notice dated Nov 15 from the Commercial Affairs Department (CAD) stating that it is now investigating an offence under the Securities and Futures Act (Chapter 289).
CAD has requested access to information concerning the firm, Swiber Offshore Construction Pte Ltd, Pape Engineering Pte Ltd and Swiber Corporate Pte Ltd from Jan 1, 2012, till now.
These include corporate secretarial documents, all announcements made on Singapore Exchange including draft versions and comments made by directors or other relevant personnel, relevant accounting records and order books, documents pertaining to certain projects, and relevant technology equipment and corporate emails.
"The company will cooperate fully with the CAD in its investigations and will make announcements as and when there are further significant developments with regard to this matter," Swiber said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein