Forensic accountants uncover potential breaches at Trek 2000

Thumb drive inventor Trek 2000 International may have breached Singapore laws, according to forensic accountants from RSM Corporate Advisory.

Chairman and chief executive Henn Tan is among current and former senior management involved.

According to The Business Times, among other things, RSM raised issues including possible round-tripping transactions, fabrication and alteration of transaction documents, as well as possible fraudulent and erroneous claims under the Productivity and Innovation Credit tax scheme.

Trek 2000 International requested for a trading halt of its shares today (Tuesday).

 

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