Swiber under investigation by Commercial Affairs DepartmentCompany News // November 18, 2016
The Interim Judicial Managers at Swiber Holdings Limited say the company has received a notice dated 15 November 2016 from the Commercial Affairs Department (CAD) in Singapore which states that the CAD is investigating an offence under the Securities and Futures Act (Chapter 289) pursuant to the provisions of the Criminal Procedure Code (Chapter 68, 2012 Revised Edition).
The CAD has not disclosed to the company any further details on its investigations. Nevertheless, the CAD has requested, for the purpose of its investigations, access to the following information concerning the company, Swiber Offshore Construction Pte Ltd, PAPE Engineering Pte Ltd and Swiber Corporate Pte Ltd from 1 January 2012 to date:
(a) all relevant corporate secretarial documents;
(b) all announcements submitted to the Singapore Exchange, including any draft versions and comments made by directors or any other relevant personnel;
(c) all relevant accounting records and order books;
(d) all documents pertaining to certain projects; and
(e) all relevant information technology equipment and corporate emails.
The company said it will cooperate fully with the CAD in its investigations and will make announcements as and when there are further significant developments with regard to this matter.