The company is unable to disclose further information.
Pacific Radiance announced that on 2 December 2016, Mr. Mok Weng Vai, an executive director of the company, was arrested by the Corrupt Practices Investigation Bureau (CPIB), on suspicion of an offence under Section 6 of the Prevention of Corruption Act (Cap. 241) of Singapore.
The provision states “any person knowingly gives to an agent, or if an agent knowingly uses with intent to deceive his principal, any receipt, account or other document in respect of which the principal is interested, and which contains any statement which is false or erroneous or defective in any material particular, and which to his knowledge is intended to mislead the principal, he shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or tocimprisonment for a term not exceeding 5 years or to both.'
Mr. Mok Weng Vai has not been charged in Court, and was released on policeCbail on the same day.
Pacific Radiance however is unable to provide further details at this time as the Board understand that the CPIB’s investigation is ongoing.
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