SINGAPORE (June 19): Raffles United Holdings, formerly known as Kian Ho Bearings, said several top executives interviewed by the Commercial Affairs Department (CAD) have to report back to the white-collar crime division for further investigations.

See: Raffles United under CAD probe for possible Securities and Futures Act infringement

Managing Director Teo Teng Beng was interviewed by CAD on June 12 and June 14 while CFO Ho Hui Min was interviewed on June 6.

In addition, Koh Hai Yang, executive director and business development director of KHPL, and Kwek Che Yong, adviser to KHPL and deemed substantial shareholder of Raffles United, have to report back to CAD to assist further in investigations.

The passport of Koh was also given back by CAD following the provision of the bond for the purposes of overseas travel.

Goh Lai Hock, manager, regional business (bearings) of KHPL, and Faith Kristine Dominguez Suarez, assistant finance manager of the company, were also interviewed on June 8 and June 13 respectively.

Last month, Raffles United received a letter from the authorities regarding investigations into an alleged offence under the Securities and Futures Act.

The company had to hand over documents, information and IT equipment from 2015 to date that were requested by CAD.

Raffles United says it will continue to extend its fullest cooperation to CAD in its investigations says it is business as usual for the company.

As at 10.42am, shares in Raffles United were trading at 12 cents.