SINGAPORE (May 30): Allied Technologies says the Commercial Affairs Department (CAD) has seized information, records and documents on the group and its subsidiaries – as well as on its escrow account with JLC Advisors, from which some $33 million is alleged to have gone missing.
The group’s subsidiaries involved are namely: Asia Box Office, Activpass Holdings and Allied Technologies Holdings.
Allied Tech’s executive director Kenneth Low Si Ren was subsequently called to attend an interview on Tuesday evening at CAD’s offices, where his mobile phone and laptop were retained for “investigation purposes”.
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