Starburst Holdings executive chairman Edward Lim Chin Wah and managing director Yap Tin Foo are being investigated in relation to “corrupt transactions with agents”, the Catalist-listed firm said on Wednesday (Nov 18), in response to queries from the Singapore Exchange on Monday.
Starburst had announced on Nov 15 that Lim, Yap, and senior project manager Josiah Lawrence Ng Eng Long were on bail amid an investigation by the Corrupt Practices Investigation Bureau (CPIB), related to the affairs of wholly-owned unit Starburst Engineering Pte Ltd.
On Wednesday, Starburst confirmed that the trio had been arrested by the CPIB and are currently on bail pending the ongoing investigation.
The original full article can be found at straitstimes.com
(Photo: LIANHE ZAOBAO)