Tracking the financial shenanigans at Trek 2000

SINGAPORE (Apr 27): The 297-page report by forensic accountant RSM Corporate Advisory detailing various potential breaches at Trek 2000 International has some damning evidence of suspicious behaviour at the company.

In 2008, there was a chain of email exchanges between Trek founder, CEO and chairman Henn Tan and other Trek executives about setting up a retail outlet in Sim Lim Tower.

T-Data Systems (S), a company owned by Loo Soo Hooi, would rent the retail outlet from S-Com System (S), a Trek unit. Loo is the wife of Poo Teng Pin, who served as group director of R&D and an executive director at Trek from 2006 to 2016. In emails, Tan reminded executives to distance Trek from T-Data.

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