Terence Tea, executive chairman of Accrelist, has been cleared from investigations by the Corrupt Practices Investigation Bureau.
The company first announced that Tea’s under probe back in March 2020.
Tea is also executive chairman and CEO of another listed company, Jubilee Industries, which made a similar announcement.
Jubilee Industries closed at 5.9 cents on Jan 11, up 9.62%; Accrelist closed at 5.5 cents, down 3.51% for the day.