Commercial Affairs Department (CAD)

SINGAPORE (Dec 3): Singapore authorities have summoned EY (Singapore), the auditor of Noble Group’s subsidiary, Noble Resources International, to assist in a joint investigation that was announced on Nov 20. NRI is under investigation for potential non-

SINGAPORE (Dec 5): Coffeeshop chain Kimly’s executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) were arrested by the Commercial Affairs Department on Dec 4, but are now out on bail.

SINGAPORE (Nov 29): Coffeeshop chain operator Kimly said its executive chairman Lim Hee Liat (right) and executive director Chia Cher Khiang (left) are under investigation by the Monetary Authority of Singapore and the Commercial Affairs Department.

SINGAPORE (Nov 23): Three years after a little-known outfit Iceberg Research accused commodities trader Noble Group of accounting deception, Singapore authorities have finally launched an investigation into the supply chain manager which is undergoing deb

SINGAPORE (Nov 21): Noble Group says it intends to continue pressing ahead with its debt restructuring as planned, with the best interests of its stakeholders in mind.

SINGAPORE (Nov 20): Singapore authorities are launching an investigation into beleaguered commodities trader Noble Group and its wholly-owned subsidiary, Noble Resources, amid the group’s controversial debt restructuring exercise.

SINGAPORE (Aug 26): KTL Global, the offshore services firm, announced that its executive chairman has received a letter from the Commercial Affairs Department (CAD) dated Aug 23 to assist with an investigation.

SINGAPORE (July 26): Offshore services firm KTL Global revealed it is under investigation by the Commercial Affairs Department (CAD) for a possible criminal offence.

SINGAPORE (July 5): New evidence of alleged fraud has been presented against Midas Holdings by Jilin Provincial Micro Refinancing Corp in the first hearing which took place on June 26 in the Jilin High People’s Court.  

SINGAPORE (June 19): Raffles United Holdings, formerly known as Kian Ho Bearings, said several top executives interviewed by the Commercial Affairs Department (CAD) have to report back to the white-collar crime division for further investigations.