14 November 2014

The Editor
ST Forum

Dear Editor

Joint Response by SPF & MAS on ST Forum Letter - Give Update on Penny Stock Probe
 
We refer to Mr Ching Fung Imm’s letter “Give update on penny stock probe” (Straits Times, 12 November 2014).

The investigation by the Commercial Affairs Department of the Singapore Police Force (SPF) and the Monetary Authority of Singapore (MAS) into the suspected trading irregularities in the shares of Asiasons Capital Limited, Blumont Group Ltd and LionGold Corp Ltd is ongoing. 

The SPF and MAS are working closely in the investigation, and are committed to completing it expeditiously. The appropriate announcements will be made when the investigation has been completed.

Superintendent Ho Yenn Dar
Assistant Director (Public Communications)
Public Affairs Department
Singapore Police Force

Bey Mui Leng (Ms)
Director (Communications)
Monetary Authority of Singapore