Singapore’s Commercial Affairs Department (CAD) has put Swiber Holdings under official scrutiny, adding to the company’s latest troubles.
The offshore vessel owner received a notice from CAD yesterday with regards to an investigation of an offence under the Securities and Futures Act.
CAD did not elaborate on the ongoing investigation but has requested information about Swiber Offshore Construction, PAPE Engineering and Swiber Corporate from 2012 to date.
The
