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Raffles Education directors arrested by Singapore's CAD in relation to loan by Affin Bank

Raffles Education chairman and chief executive officer Chew Hua Seng, along with lead independent non-executive director Lim How Teck, non-independent non-executive director Joseph He Jun, independent non-executive director Ng Kwan Meng and Doris Chung Gim Lian, a director and key management of Raffles K12 Sdn Bhd and Raffles Iskandar Sdn Bhd, have been arrested by the Commercial Affairs Department (CAD) of Singapore.

Singapore , Sdn-bhd , Hua-seng , Doris-chung-gim , Kwan-meng , Iskandar-sdn-bhd , Affairs-department , Raffles-education , Chew-hua-seng , Lim-how-teck , Joseph-he-jun , Doris-chung-gim-lian

5 Raffles Education directors notified of arrest, bail set at $30,000 each

SINGAPORE (THE BUSINESS TIMES) - Following investigations by the Monetary Authority of Singapore and Commercial Affairs Department, five directors of Raffles Education were notified of their formal arrest and bail conditions on Monday (Feb 21).
. Read more at straitstimes.com.

Singapore , Malaysia , Hua-seng , Doris-chung-gim , Kwan-meng , Affairs-department , Monetary-authority-of-singapore , Raffles-education-corporation , Affin-bank , Monetary-authority , Commercial-affairs-department , Raffles-iskandar

5 Raffles Education directors to be formally arrested, bail set at $30,000 each

Business News - (THE BUSINESS TIMES) - Following investigations by the Monetary Authority of Singapore and Commercial Affairs Department (CAD), five directors of Raffles Education Corporation were notified of their formal arrest and bail conditions on Monday (Feb 21). These investigations... Read more at www.tnp.sg

Singapore , Malaysia , Hua-seng , Doris-chung-gim , Kwan-meng , Affin-bank-on , Affairs-department , Monetary-authority-of-singapore , Raffles-education-corporation , Affin-bank , Singapore-exchange , Monetary-authority

Raffles Education asked director to defer resignation as it could 'attract unnecessary attention'

She had disagreed with company for not disclosing $132.5m writ filed by Affin Bank to SGX.. Read more at straitstimes.com.

Malaysia , Manhattan , New-york , United-states , Delhi , India , Singapore , Malaysian , Liu-ying-chun , Hua-seng , Kwan-meng , Doris-chung-gim

Raffles Education shares sink as tycoon Oei Hong Leong's letter to the board circulates

The stock dived 26 per cent, or 2.1 cents, to close at 6.1 cents in the wake of the letter. . Read more at straitstimes.com.

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