Here's a playbook for handling corporate fraud

IN RECENT months, the Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) have become increasingly active, announcing a series of high-profile investigations into suspected fraud or other breaches of financial regulations at the likes of New Silkroutes, Agritrade International and Hin Leong, to name a few.

In the case of Agritrade International, allegations of fraud were made by its creditors when previously-hidden financial difficulties came to light upon the company's defaulting on its loans.

Allegations have also emerged that Hin Leong tried to use fake trades and forged documents to cover up accumulated losses.