SINGAPORE (Dec 6): Swiber Holdings’ chairman Raymond Kim Goh and a number of the group’s directors were released on bail by the Commercial Affairs Department on Tuesday.

The individuals were being investigated for alleged infringements of Section 199 of the Securities and Futures Act, which relates to the dissemination of “false or misleading statements”.

The other directors who were released on bail included executive director Jean Pers, independent non-executive directors Yeo Jeu Nam, Chia Fook Eng and Oon Thian Seng, former vice chairman Francis Wong Chin Sing, group Chief Financial Officer Tay Gim Sin Leonard, and former executive director Nitish Gupta.

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