Cordlife has been under investigation after it was revealed last year that it had damaged cord blood units belonging to at least 2,150 clients, with another 17,000 possibly affected.
“The company understands that the offence is in connection with potential breaches of the disclosure obligations of the company in relation to the irregular temperatures of a certain cryogenic storage tank of the company, which was first disclosed by the company in its announcement dated Nov 30, 2023,” Cordlife said in the filing.
In addition, four directors who are currently not based in Singapore are required to attend a police interview on Apr 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." The mishandling of cord blood units was made public on Nov 30, 2023, when the Ministry of Health announced that investigations against the private cord blood bank were ongoing.
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Cordlife's former group CEO, 4 board members arrested amid CAD probeSINGAPORE - Cordlife’s former Group CEO Tan Poh Lan and four board members have been arrested in connection with potential breaches of the company’s disclosure obligations in relation to the irregular temperatures of a certain cryogenic storage tank.
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Cordlife probe: Former Group CEO and 4 board members arrestedSINGAPORE — 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.
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Cordlife’s former group CEO and four board members arrested and out on bailCord blood units belonging to at least 2,150 clients were damaged, with 17,050 others potentially affected.
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Cordlife’s former group CEO and four directors arrested and out on bailCord blood units belonging to at least 2,150 clients were damaged, with 17,050 others potentially affected.
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Former CEO and Board Members of Cordlife Arrested for Breaches of Disclosure ObligationsCordlife’s former Group CEO Tan Poh Lan and four board members have been arrested in connection with potential breaches of the company’s disclosure obligations in relation to the irregular temperatures of a certain cryogenic storage tank. Cord blood units belonging to at least 2,150 clients were damaged, with 17,050 others potentially affected.
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CAD arrests Cordlife ex-group chief and four director over alleged breaches of disclosure obligationspstrongThe investigation stemmed from potential breaches of disclosure obligations concerning irregular temperatures in a cryogenic storage tank/strong/p pThe Commercial Affairs Department (CAD) has arrested four directors of Cordlife Group, including its former group chief executive, who were later released on bail, the group confirmed.
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