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
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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).
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