Swiber's ex-chief questioned by CAD

Other current and ex-directors were also investigated.

Swiber Holdings announced that it had been informed by the Commercial Affairs Department (CAD) that some of its key current and former directors had been interviewed between 30 November 2016 and 2 December 2016 and released on bail in relation to alleged infringements under Section 199 of the Securities and Futures Act (Chapter 289 of Singapore).

They are Raymond Kim Goh (executive chairman); Jean Pers (executive director); Yeo Jeu Nam (lead independent non-executive director); Chia Fook Eng (independent non-executive director); Oon Thian Seng (independent non-executive director); Francis Wong Chin Sing (ex-vice chairman and ex-executive director); Tay Gim Sin Leonard (group chief financial officer and ex-executive director); and Nitish Gupta (ex-executive director).

Swiber understands from the CAD that it investigations are still ongoing and that no formal charges have been brought against the above-mentioned persons.

Separately, Swiber understands from the CAD that Yeo Chee Neng, the ex-group chief executive officer and an ex-executive director was also interviewed by the CAD in the course of the investigations. However, he was not placed on bail.