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

Parliament of Singapore · 10 September 2018

Official Report, 10 September 2018, Vol 94, Issue 82 · Open in the reader (summaries, search, filters)

Dennis Tan Lip FongK Shanmugam
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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.

Mr 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.

Source: Singapore Parliament Official Report (Hansard) for 10 September 2018. Republished on SGParliament.