The Eagle Hospitality Trust (“EHT”) drama climaxed recently with the arrest of current and prior directors by the Commercial Affairs Department (“CAD”) of the Singapore Police as part of their investigation into possible breach of Section 203 and Section 331 of the Securities and Futures Act.  Now, Section 203 deals with responsibilities of the directors in making necessary disclosures on the SGX to investors whereas Section 331 spells out the penalties for directors found to have committed the offence as aforesaid mentioned. Many current unitholders have been very angry with the directors and you can see some folks calling for them to step down but I think people are going after the wrong directors. 1. What is CAD and MAS trying to do here with the arrest?
Personally, I think this is just part of their routine investigation procedures but with hidden agenda by the CAD. The burden and responsibilities...