SINGAPORE - Troubled water treatment firm Hyflux is under criminal investigation for false and misleading statements, as well as non-compliance with accounting standards, the authorities said on Tuesday .
The joint investigation undertaken by Acra, MAS and the police's Commercial Affairs Department will ascertain if there were lapses in the company's disclosures concerning the Tuaspring integrated water and power project, as well as non-compliance with accounting standards between 2011 and 2018. The CAD, MAS and Acra have obtained accounting and other corporate records from Hyflux and its subsidiary Tuaspring as part of their investigation.
🤣🤣🤣 Amazing Company.Rosy on the outside.
Either these people have been delaying any deals so that they can maintain their paychecks or they are incompetent. I think it's a combination of both.