In 2017 we reported on an investigation by the Commercial Affairs Department of the Singapore Police Force (CAD) into a potential contravention of the provisions of the Securities and Futures Act by one Kris Taenar Wiluan—the Executive Chairman and CEO of KS Energy Limited (SGX:578) (KSE)—and his son Richard James Wiluan—the Executive Director of the Company. Last week, KSE announced progress, and soon afterward, news media outlets reported on the case. Kris is now facing allegations together with one other person, while Richard was not charged. 

To subscribe please click here