SINGAPORE (Bloomberg): The head of Singapore restaurant chain No Signboard Holdings Ltd was arrested on "reasonable suspicion” of breaching the Securities and Futures Act. Lim hasn’t been charged with any offense, the company said, adding that its business will not be affected and will continue as usual. No Signboard said April 29 it was requested by the Commercial Affairs Department, the white-collar crime police, to assist in investigations. Both its CEO and chief financial officer Voon Sze Yin gave statements to the CAD, and Lim’s passport was retained. In a subsequent statement on Thursday, No Signboard said its CEO and CFO will continue in their roles as no charges have been made.

Source: The Star May 02, 2019 12:00 UTC