CAD probes KTL Global for possible criminal offence

-A +A

SINGAPORE (July 26): Offshore services firm KTL Global revealed it is under investigation by the Commercial Affairs Department (CAD) for a possible criminal offence.

In a filing to SGX on Wednesday night, KTL says CAD has requested access to certain documents and information concerning the company, including accounting records pertaining to certain transactions as well as IT equipment used by certain management staff.

KTL’s chief financial officer, Ng Kok Peng, was also interviewed by the CAD on Wednesday in relation to its investigations... (Click here to read the full story)