Incredible Holdings director assists CAD-MAS probe into company affairs

An interview was conducted on 18 September as part of the investigation.

Incredible Holdings Ltd. said one of its independent directors has assisted the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) in a probe into the company’s affairs.

The director attended an interview on 18 September after receiving a letter the day before requiring attendance over possible offences under the Securities and Futures Act, according to a bourse filing.

The request was issued pursuant to an order under Section 21 of the Criminal Procedure Code 2010.

“The CAD and MAS have not given the company any further details of their investigations,” Incredible Holdings said.

The company added it will make further announcements when there are significant developments.

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