Thursday 28 Mar 2024
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SINGAPORE (July 3): The Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) have launched a joint investigation into Citadelle Corporate Services Pte Ltd, Senjo Group Pte Ltd and its subsidiaries for suspected falsification of accounts as well as carrying on a trust business without a licence under the Trust Companies Act.

As part of the investigation, the CAD and MAS have obtained documents and records from Citadelle and Senjo, and have interviewed persons involved in the companies.

The MAS says it is aware of media reports alleging that Citadelle has handled monies for Wirecard in a trustee capacity ... (click on link for full story on theedgesingapore.com).

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