Alleged Improper Transfer of S$10 Million to oBike Hong Kong

Debated in Parliament on 10 Sep 2018.

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Dennis Tan Lip Fong inquired if the Commercial Affairs Department will investigate former oBike Singapore directors and management over an alleged improper transfer of S$10 million collected from customers as prepayment to oBike Hong Kong.
K Shanmugam confirmed that the Police are investigating oBike Singapore for misappropriation of funds but cannot provide further details as the investigation is ongoing.

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Dennis Tan Lip Fong

Mr Dennis Tan Lip Fong asked the Minister for Home Affairs whether the former directors and management of oBike Singapore will be investigated by the Commercial Affairs Department for any alleged improper transfer to oBike Hong Kong of about S$10 million that is allegedly collected from its former Singapore customers by way of prepayment.

K Shanmugam

The Police are investigating oBike Asia Pte Ltd or "oBike Singapore" for misappropriation of funds. As investigations are ongoing, we are unable to comment further.

Summary written by AI (learn more)

Dennis Tan Lip Fong inquired if the Commercial Affairs Department will investigate former oBike Singapore directors and management over an alleged improper transfer of S$10 million collected from customers as prepayment to oBike Hong Kong.
K Shanmugam confirmed that the Police are investigating oBike Singapore for misappropriation of funds but cannot provide further details as the investigation is ongoing.

Questions identified by AI (learn more)

Alleged Improper Transfer of S$10 Million to oBike Hong Kong | PAPERCUTS

Alleged Improper Transfer of S$10 Million to oBike Hong Kong

Debated in Parliament on 10 Sep 2018.

Summary written by AI (learn more)

Dennis Tan Lip Fong inquired if the Commercial Affairs Department will investigate former oBike Singapore directors and management over an alleged improper transfer of S$10 million collected from customers as prepayment to oBike Hong Kong.
K Shanmugam confirmed that the Police are investigating oBike Singapore for misappropriation of funds but cannot provide further details as the investigation is ongoing.

Questions identified by AI (learn more)

Full Transcript

Dennis Tan Lip Fong

K Shanmugam

The Police are investigating oBike Asia Pte Ltd or "oBike Singapore" for misappropriation of funds. As investigations are ongoing, we are unable to comment further.

Summary written by AI (learn more)

Dennis Tan Lip Fong inquired if the Commercial Affairs Department will investigate former oBike Singapore directors and management over an alleged improper transfer of S$10 million collected from customers as prepayment to oBike Hong Kong.
K Shanmugam confirmed that the Police are investigating oBike Singapore for misappropriation of funds but cannot provide further details as the investigation is ongoing.

Questions identified by AI (learn more)

Alleged Improper Transfer of S$10 Million to oBike Hong Kong

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Questions Identified

Full Transcript

Dennis Tan Lip Fong

K Shanmugam

Summary

Questions Identified

Alleged Improper Transfer of S$10 Million to oBike Hong Kong

Summary

Questions Identified

Full Transcript

Dennis Tan Lip Fong

K Shanmugam

Summary

Questions Identified