17-12-2021, 08:39 AM
16 Dec 2021 06:14PM
(Updated: 16 Dec 2021 06:14PM)
SINGAPORE: A cross-border syndicate suspected of running "pump-and-dump" scams on stocks listed on the Hong Kong Stock Exchange has become the target of a joint investigation by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force (SPF).
A Singapore-based suspect was arrested and cash amounting to about S$4.4 million - suspected to be proceeds from the scam - was seized, authorities said on Thursday (Dec 16). The suspect also surrendered her passport.
The investigation is being coordinated with the Hong Kong Securities and Futures Commission and Hong Kong Police Force, which launched investigations in the city on the same day, said SPF and MAS.
https://www.channelnewsasia.com/asia/hon...te-2384151
(Updated: 16 Dec 2021 06:14PM)
SINGAPORE: A cross-border syndicate suspected of running "pump-and-dump" scams on stocks listed on the Hong Kong Stock Exchange has become the target of a joint investigation by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force (SPF).
A Singapore-based suspect was arrested and cash amounting to about S$4.4 million - suspected to be proceeds from the scam - was seized, authorities said on Thursday (Dec 16). The suspect also surrendered her passport.
The investigation is being coordinated with the Hong Kong Securities and Futures Commission and Hong Kong Police Force, which launched investigations in the city on the same day, said SPF and MAS.
https://www.channelnewsasia.com/asia/hon...te-2384151