{
  "id": 8149405,
  "title": "CPIB hauls Multi-Chem CEO, COO in for questioning; stock hits circuit breaker",
  "url": "https://urgent.news/2026/09/18/cpib-hauls-multi-chem-ceo-coo-in-for-questioning-stock-hits-circuit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T01:52:34.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/cpib-hauls-multi-chem-ceo-coo-questioning-stock-hits-circuit-breaker"
  },
  "original_language": "en",
  "account": "The Corrupt Practices Investigation Bureau (CPIB) visited Multi-Chem's headquarters and interrogated the company's CEO, chief operating officer, and two senior employees. Multi-Chem's shares experienced a significant drop of over 40 percent upon market opening on September 17 and triggered the Singapore Exchange's circuit breaker mechanism. The company's audit and risk management committee (ARMC) disclosed that executives Foo Suan Sai and Han Juat Hoon were interviewed by the anti-graft agency. Both directors were asked to provide bail and surrender their passports and mobile phones. The committee, comprised of independent directors, was informed of the situation by Han Juat Hoon. The organization has not been directly involved in the ongoing probe. CPIB officers also visited Multi-Chem's premises, seizing various documents, including financial records and agreements.",
  "summary": "Both executive directors have been asked to post bail, surrender passports and mobile phones",
  "key_points": [
    "CPIB interrogates Multi-Chem CEO and COO",
    "Shares drop 40% triggering circuit breaker",
    "Anti-graft agency seizes documents"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "CPIB hauls Multi-Chem CEO, COO in for questioning; stock hits circuit breaker",
        "url": "https://urgent.news/2026/09/18/cpib-hauls-multi-chem-ceo-coo-in-for-questioning-stock-hits-circuit-8159124",
        "published": "2026-09-18T03:06:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}