Graft probe on IG Aviation Singapore directors scuppers parent's IPO

When contacted, an SGX spokesman said the regulator is unable to comment on specific situations.

"The new rules, expected later this year, will codify the role of issue managers as key gatekeepers for listings on SGX."They are father-and-son pair Peter Tan Chin Hock, 62, and Kenneth Tan Kwang Leng, 41; the third person, who is unrelated to the pair, is Tan Yong Yeow, 53. A statement by the Corrupt Practices Investigation Bureau said Tan Yong Yeow faces five counts of engaging in a conspiracy with Peter Tan to corruptly give gratification amounting to RM240,000 to a Lee Shashitheren, the executive director and chief executive of Raya Airways , a Malaysian freighter operator.

Peter Tan has been charged with five counts of engaging in a conspiracy with Tan Yong Yeow involving bribes of MYR240,000 to Mr Shashitheren; another 15 charges are for engaging in a conspiracy with Tan Yong Yeow and Kenneth Tan involving MYR761,000 in bribes; one count is for engaging in a criminal conspiracy with Tan Yong Yeow and Kenneth Tan with respect to those payment vouchers.

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