(The Straits Times)
Various companies under CoAssets, a financial firm accused of misconduct by its clients, are being jointly investigated by the Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) for possible offences under the Penal Code and the Securities and Futures Act.
In a statement issued on Monday (Feb 1), CAD and MAS said the joint investigation, launched on Jan 12, stems from complaints and feedback received from members of the public regarding suspected misconduct by CoAssets group companies.
