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YuuZoo raided by police in SFA probe

Seizure of documents, computer equipment comes on heels of CAD notice

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Annabeth Leow

Annabeth Leow

Published Fri, Apr 6, 2018 · 09:50 PM

    Singapore

    MAINBOARD-LISTED YuuZoo Corporation's premises have been raided, and former management staff interviewed by the police, the company disclosed late on Thursday night.

    The seizure of documents and computer equipment, which The Business Times understands took place on Monday, came on the heels of a notice from the Commercial Affairs Department (CAD). Chairman and former chief executive Thomas Zilliacus, a Finn, has surrendered his passport upon instructions from the police.

    Securities and Futures Act

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