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Choo Chiang CEO said to be involved in MAS investigations

Michelle Zhu Published on Wed, Dec 06, 2017 / 8:03 AM GMT+8

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SINGAPORE (Dec 6): Choo Chiang Holdings, the retailer and distributor of electrical products and accessories in Singapore, has announced that its executive chairman and CEO Thomas Lim Teck Chuan is in the midst of assisting in an investigation by the Monetary of Authority of Singapore (MAS).

The offence has been classified under the Securities and Future Act, Chapter 289, which has been defined by the Singapore Statutes as: “An Act relating to the regulation of activities and institutions in the securities, futures and derivatives industry, including leveraged foreign exchange trading, and of clearing facilities, and for matters connected therewith”.

In a Tuesday announcement, the group says Lim had attended an interview with MAS on Sept 29 as he “appeared to be acquainted” with the circumstances of the case being investigated that MAS.