Teledata under CAD investigation - Straits Times

-- PHOTO ILLUSTRATION: ISTOCK AND ST GRAPHICS

THE white-collar crime unit is investigating Singapore-listed Teledata over possible offences under the Securities and Futures Act.

The communications services provider announced yesterday that the Commercial Affairs Department (CAD) had notified the firm of the probe but it did not disclose other details.

It has asked Teledata to provide information and documents relating to various corporate activities between August 2009 and March last year.

The CAD wants paperwork relating to Teledata's proposed acquisition of PT Centrin Online, an Indonesian Internet service provider.

Teledata announced in December 2009 that it would buy a 77.7 per cent stake in Centrin Online for $17.2 million but two months later, it said the plan was off.

The CAD has also asked for the e-mail of former Teledata chief executive (CEO) Christopher Pan dating from Aug 1, 2009, to March 31, last year.

Read the full report in Thursday's edition of The Straits Times.

yasminey@sph.com.sg

Details called for

The CAD is seeking:

  • information and documents on various corporate activities between August 2009 and March last year.
  • documents on Teledata's aborted acquisition of Indonesian Internet service provider PT Centrin Online
  • e-mail of former Teledata chief executive Christopher Pan (above) from Aug 1, 2009, to March 31, last year.
  • information on the purchase of Teledata shares by Calypso Management Holdings in October 2009
  • names of company directors, management personnel and corporate secretaries between Aug 1, 2009, and March 31, last year.
  • board resolutions and minutes of board meetings over the same period.
  • documents related to some announcements made to the Singapore Exchange

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