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Do S'pore regulators need bigger stick to deter corporate misconduct following Noble Group's case?
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The $12.6 million penalty on Noble Group pales in comparison to the company's market value of US$10 billion.
PHOTO: REUTERS
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SINGAPORE - The biggest fine on a company in Singapore's history has ironically led to talk on whether regulators have let the offenders off too easily.
The $12.6 million penalty on Noble Group, after a four-year probe for improper accounting and misleading financial statements, does pale in comparison to the company's market value of US$10 billion (S$14 billion) and annual income of over a billion in its heyday.
