Singapore: Exec director of Singapore energy firm arrested by Corrupt Practices Investigation Bureau

Author(s): UNK | Date: December 6, 2016 | Language: English
Source: http://www.straitstimes.com/ | URL: https://goo.gl/xAVbEA | Type: Text

An energy company listed on the Singapore Exchange (SGX) has issued a statement to say that one of its executive directors has been arrested by the Corrupt Practices Investigation Bureau.
The company, Pacific Radiance, said Mr Mok Weng Vai was arrested by the CPIB on Dec 2 “on suspicion of an offence under Section 6(c) of the Prevention of Corruption Act”.
” Mr Mok Weng Vai has not been charged in Court, and was released on police bail on the same day,” the company added in its statement to the SGX.
“The board is however unable to provide further details at this time as the board understands that the CPIB’s investigation is ongoing.
“The board will make timely announcements as necessary to keep shareholders informed of any material developments relating to the investigations as they arise.”

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