According to Intraco on April 13, it had filed reports with the police and the Monetary Authority of Singapore.
A former Intraco employee who had allegedly misappropriated funds totalling some $260,000 had reached a settlement with the company and has made partial restitution.
As announced earlier by Intraco on April 13, it received fake invoices and letters of engagement from an entity with a "nearly identical" name to an external independent service provider. The former employee is the shareholder of this said entity and the deeds took place in FY2023 to FY2025.
