The Business Times

Commercial Affairs Dept

Singapore

Two-week long police op uncovers 639 scam suspects, S$17.7 million in losses

The Monetary Authority of Singapore and Commercial Affairs Department usually jointly investigate market misconduct offences.
ListicleCompanies & Markets

The MAS and CAD naughty list

Gui Boon Sui also used two of his employees’ accounts to carry out false trades without the authorisation of brokerage firms.
Companies & Markets

Regency Steel Asia chairman fined S$350,000 for false trading of Hiap Hoe, Hotel Grand Central shares

Tay and Soegiharto were arrested after attending interviews on Aug 14.
Companies & Markets

Memiontec husband and wife co-founders out on bail amid CAD, MAS probe

The civil penalty imposed follows a joint investigation by the Commercial Affairs Department and Monetary Authority of Singapore into the case.
Companies & Markets

Man fined S$70,000 for insider trading of GS Holdings shares

Former YuuZoo CEO James Matthew Somasundram has been fined S$35,000 for negligence resulting in an overstatement of revenue in a quarterly financial statement.
Companies & Markets

Former YuuZoo CEO fined S$35,000 for misleading financial statements

Seatrium logo at their office’s lobby, Oct 19, 2023.
Companies & Markets

MAS, CAD investigating Seatrium on potential offences in Brazil bribery case

The 10 accused in the case.
ListicleBanking & Finance
BILLION-DOLLAR BUST

The laundry list: What was seized from each of the 10 accused in the anti-money laundering case

The arrest of non-independent non-executive director Chen Xiaoling was related to alleged breaches-of-disclosure obligations by Cordlife on the matter of irregular temperatures in a certain cryogenic storage tank.
Companies & Markets

Another Cordlife director arrested amid CAD probe

Cordlife says it will consider the possibility of appointing new independent directors to “serve as additional checks and balances”.
Companies & Markets

Four Cordlife directors, ex-group CEO arrested amid CAD probe

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