Regulatory authorities in Singapore have hit commodities trader Noble with a fine, issued "stern warnings" to two former directors in the business, and flagged up orders against auditors from Ernst and Young in regards to audited statements between 2012-16. The action follows a multi-year, multi-agency investigation into failures linked to financial statements involving Noble Group Limited (NGL) and its Singapore subsidy Noble Resources International Pte Ltd (NRI). The Monetary Authority of Singapore (MAS) has issued a civil penalty of SGD12.6m against NGL for "publishing misleading i...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
