Although the investigation is primarily to look into possible breaches of relevant laws and regulations, as well as listing rules in relation to the issues surrounding the REIT, the authorities say the scope of the investigation will be widened in the event evidence obtained reveal that other offences may have been committed.
SINGAPORE (June 5): The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) have launched a joint investigation into current and former directors, and officers responsible for managing Eagle Hospitality Trust (EHT).
The authorities say the investigation stems from a referral by the Singapore Exchange Regulation (SGX RegCo), and follows a review announced by SGX RegCo and MAS on Apr 20.
