The Australian Financial Review reported that a former finance manager with CapitaLand in Australia has allegedly been accused of faking tax, insurance and legal documents, and allegedly misappropriating funds from CapitaLand Ascott Trust
When asked about the issue, a CapitaLand spokesperson said, "The group is insured in line with our risk management policies. CapitaLand Ascott Trust will be indemnified for the full amount of losses, and accordingly there will be no impact on the distribution per stapled security of CLAS and net tangible assets per Stapled Security for the financial year ending 31 December 2024.".
