The managers of Eagle Hospitality Trust (EHT) announced on the evening of Oct 2 that six of its former Singapore-based directors were arrested by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD).
On Oct 1, Lau Chun Wah, Tan Wee Peng Kelvin, Tarun Kataria, Salvatore G. Takoushian, Carl Gabriel Florian Stubbe and Ng Kheng Choo were arrested and released on bail on suspicion of offences committed under section 203 of the Securities and Futures Act (Chapter 289).
