SINGAPORE -- Singapore police have launched a probe into a massive case of alleged internal fraud in a family office owned by a rich businessman from China, local authorities told Nikkei Asia, as potential criminal prosecution lies ahead.
Authorities cite investigations into 'criminal breach of trust' amid $55m scandal
A regional financial hub, Singapore is home to many wealthy people's family offices. © Reuters
SINGAPORE -- Singapore police have launched a probe into a massive case of alleged internal fraud in a family office owned by a rich businessman from China, local authorities told Nikkei Asia, as potential criminal prosecution lies ahead.