MAS, CAD investigating disclosure issues at Raffles Education; company refutes claims by Oei Hong Leong

RAFFLES Education on Thursday (Oct 21) disclosed that the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) have requested documents relating to loan facilities extended to its subsidiaries. The private education provider, which called for a trading halt on Oct 19, also responded to claims in a letter by shareholder Oei Hong Leong.