SINGAPORE (Sept 25): Singapore Exchange Regulation (SGX RegCo) has queried Trek 2000 International following media reports that chairman emeritus Henn Tan and three former Trek executives have been slapped with charges by the Commercial Affairs Department (CAD).

Tan, the inventor of the ThumbDrive, was the founder of Trek, and its former CEO and chairman. According to media reports, the 63-year-old is said to be facing a total of 15 charges.

These include seven counts for allegedly falsifying entries related to revenue and net profit in Trek’s FY2015 financial statements as well as creating fictitious records of sales and purchases in 2013 and 2014.

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