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Cordlife's former group CEO, 4 board members arrested amid CAD probe

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SINGAPORE - Cordlife’s former Group CEO Tan Poh Lan and four board members have been arrested in connection with potential breaches of the company’s disclosure obligations in relation to the irregular temperatures of a certain cryogenic storage tank.

Cord blood units belonging to at least 2,150 clients were damaged, with 17,050 others potentially affected.

Cord blood units belonging to at least 2,150 clients were damaged, with 17,050 others potentially affected. Chief Financial Officer Thet Hnin Yi has been asked to assist with investigations. She has not been arrested, the company said.The CAD and MAS also issued a notice on March 19 requiring four directors of the company, who are not based in Singapore, to attend interviews in connection with the investigations on Apr 2.

 

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