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New Silkroutes Group and former executive director Oo under CAD probe

The Edge Singapore
The Edge Singapore9/27/2020 10:49 PM GMT+08  • 2 min read
New Silkroutes Group and former executive director Oo under CAD probe
Teho International named Oo's involvement in the CAD probes
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The Commercial Affairs Department has commenced investigations on New Silkroutes Group, for possible breaches of the Securities and Futures Act.

“One of the directors of the company and certain senior management and former management are also assisting the CAD in the said investigation,” said executive director and CEO of NSG Dr Goh Jin Hian in a Sept 25 SGX announcement.

“The company will be providing its full cooperation with the CAD and the MAS to assist the said investigation and will make further updates as and when there are further significant developments on the matter. The group’s business and operations have not been affected and will continue as usual,” Dr Goh added.

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