SINGAPORE - The police confirmed in a statement released Wednesday night that investigations into a company called Data Register started in January this year.
The Commercial Affairs Department (CAD) has also seized the monies from the company's bank account, read the statement. It added that the courts will decide how the seized monies are to be dealt with, after the conclusion of CAD's investigation.
Data Register had 78 charges filed against it by the Accounting and Corporate Regulatory Authority (Acra) under the Companies Act earlier this year. This, after Acra received more than 2,000 queries from the public about Data Register, which was listed in October last year. A Hungarian and a Singaporean are its directors and a Singaporean as secretary.
It is described on its website as a "public Singaporean company database" which can be used as a "business search engine" with "built-in services for verified companies". The company is due to answer the charges in court. Each breach under Section 144 of the Companies Act carries a maximum fine of $1,000.