Another Cordlife Board Member Arrested in Singapore

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Cordlife,Board Member,Arrested

Another Cordlife board member has been arrested, making it the seventh senior executive to be arrested at the troubled private cord blood bank. The latest arrest is related to potential breaches of the company's disclosure obligations.

Three other directors who are not based in Singapore and were originally meant to attend interviews on April 2 will have their interviews postponed.

Three other company directors who are not based in Singapore and were originally meant to attend interviews on April 2 will have their interviews postponed, said the company in its bourse filing. Despite the arrests, Cordlife maintains that it is in the company’s interest for all its directors, including Mr Yiu Ming Yiu, to continue serving on the board as they have been overseeing the work to investigate and address lapses.

 

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