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Hyflux and directors under investigation for suspected false and misleading statement

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abbby
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Hyflux and directors under investigation for suspected false and misleading statement

Post by abbby » Wed, 03 Jun 2020 10:06 am

This would be an interesting case to follow...and also their bid to find a buyer.

https://www.channelnewsasia.com/news/si ... a-12797036
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

Myasis Dragon
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Re: Hyflux and directors under investigation for suspected false and misleading statement

Post by Myasis Dragon » Thu, 04 Jun 2020 9:47 pm

As both Strong Eagle and I have stated many times, it is the directors of a company that are civilally and criminally liable for all acts of the company. This is a prime example of that.

And, this liability is the reason that it is so hard/so expensive/so complicated to find a rented director these days... unscrupulous people who have taken advantage of Singapore's easy rules for the formation of a company, only to use the company for illegal acts. It is the director that pays.

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