YuuZoo: A ghost trapped in suspension

AFTER almost a year of ongoing investigation by the Commercial Affairs Department (CAD), YuuZoo Networks Group Corp has thrown in the towel in Singapore and ceased operations here.

The social commerce company has remained defiant throughout its decline, and on Monday YuuZoo sought again to cast blame for its troubles on other parties. Even as the end looms ever nearer for YuuZoo, one gets the sense that the company just doesn't get it.

After The Business Times discovered that YuuZoo had quietly vacated its Teletech Park office in Singapore without settling its rent, and that chief executive Mohandas had resigned after he was not paid for three months, the company on Monday revealed that it had shut down all of its Singapore operations.