New Silkroutes Group Ltd, a Singapore investment holding company focused on healthcare and energy, announced on Friday (25 September) that it has received a notice dated Thursday, 24 September 2020 from the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) requiring New Silkroutes to provide certain information and documents in relation to an investigation by the CAD into a possible offence under the Securities and Futures Act (Chapter 289) of Singapore.
“One of the Directors of the Company and certain senior management and former management are also assisting the CAD in the said investigation,” said Dr Goh Jin Hian, the Chief Executive and Executive Director of New Silkroutes.
New Silkroutes said it will be providing its full cooperation with CAD and MAS to assist the said investigation, and its operations have not been affected and will continue as usual.
In a separate SGX filing, Teho International Inc announced that Kelvyn Oo, an Independent Director at Teho, and former Executive director and Chief Corporate Officer at New Silkroutes will be assisting the CAD in the investigation.
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Published: 28 September, 2020
Lim Oon Kuin now faces a total of 130 charges; bail amount has been increased to S$4 million due to increased amount of players and outstanding sums.
The vessel was discovered by the Tanjung Sedili Maritime Zone’s patrol team at 11.35 am on Sunday (6 September) about 12.5 nautical miles east of Tanjung Siang.
Firm was formed in February 2011 to purchase VLCC ‘Tenyo’ from NYK, which was subsequently chartered to Thai Oil under a 10-year long-term.
Oil tanker numbered BT 98144TS was discovered by Command of the Coast Guard Region 3 to be behaving suspiciously at 2.30 pm on Thursday 2, April.
Company believes market and business partners ‘likely to have greater confidence and comfort in continuing business dealings’ if placed under judicial management, says Director.
Hearing of the development was conducted at the High Court of the Republic of Singapore on Friday.
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
