SINGAPORE — Cordlife's former Group CEO Tan Poh Lan has been arrested along with four directors in relation to an investigation into the company's mishandling of cord blood units.
Cordlife’s acting chairman, former Group CEO and key executives arrested amid probe into mishandled cord blood units
In a bourse filing early Friday morning , Cordlife said it received a notice on March 19 from the police’s Commercial Affairs Department and the Monetary Authority of Singapore requiring documents and information in connection with investigations into an offence under the Securities and Futures Act.
Ms Tan resigned in October 2023 to"pursue personal interests" — before the incident involving damaged cord blood units was made public in November that year. In addition, four directors who are currently not based in Singapore are required to attend a police interview on April 2. "The board will continue to consider and assess the suitability of all directors to continue serving on the board, pending the development of the investigations."
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