Commercial Affairs Department (CAD)

The action was taken after a joint investigation by MAS and CAD.

Urban Commons blames the Covid-19 outbreak for EHT’s various defaults.

For more than two years, Tjoa says and his team of assistants at Phillip took trading orders from Soh and Quah. However, when the crash happened, the shares were forcibly sold off and Tjoa found himself shouldering the losses.

The investigation of Lai came nearly half a year after AA Group found itself on the receiving end of demand for repayment of money it did not borrow.

SINGAPORE (Dec 21): Former BSI bank wealth planner Yeo Jiawei has been found guilty of hindering investigations into 1MDB-related fund flows by tampering with witnesses.