Vickers to start internal review after exposure to Envy fraud scandal
Chairman says investment is less than 3.5% of the two funds affected; he and his partners had also personally invested into the receivables of Envy Global Trading
Add BT as a preferred source
Singapore
SINGAPORE founded venture capital firm Vickers Venture Partners has started an internal review of its processes, after two of its funds invested in entities linked to one of the biggest financial fraud cases here.
The review, which aims to garner any lessons to be learnt as the case unfolds, will be chaired by an independent board director, Dr Finian Tan, founder and chairman of Vickers Venture Partners told The Business Times (BT).
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
