See also: MAS and CAD arrest current and former directors and officers of EHT's managers
The Monetary Authority of Singapore is directing the trustee of Eagle Hospitality Real Estate Investment Trust to remove the REIT’s manager and to appoint a new manager.
This is in view of numerous breaches of the Securities and Futures Act by Eagle Hospitality REIT Management, manager of the scandal-fraught REIT since its IPO last May, and serious concerns over its ability to comply with rules and regulations.
