YuuZoo confirms CAD investigation into company and chairman Zilliacus

SINGAPORE (Apr 3): YuuZoo Corporation has been informed by the Commercial Affairs Department (CAD) of investigations into a potential offence under Singapore's Securities and Futures Act.

In addition, YuuZoo was informed that Thomas Zilliacus, the company’s chairman, also received a notice from CAD relating to investigations into the same matter.

YuuZoo says it received a notice dated Monday from CAD requiring the e-commerce company to provide the white-collar crimes division of the Singapore Police Force access to certain documents or information relating to the company, its subsidiaries and associates from financial years 2013 to 2016 including all records and correspondences relating to franchises, franchising arrangements and the operating companies in which shareholdings interest were held.

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