Multi-Chem Limited announced on Sep, 17 2026 that Chief Executive Officer Foo Suan Sai and Chief Operating Officer Han Juat Hoon were interviewed by the Corrupt Practices Investigation Bureau (CPIB), required to post bail, and surrendered their passports and mobile phones.
Two senior sales employees were also interviewed by the CPIB; the company said it has not been informed whether these employees were asked to surrender travel documents or devices.
The Audit and Risk Management Committee stated that CPIB officers visited the Group’s premises and requested documents, including historical financial accounts, employee claims records and an agreement involving a vendor.
The committee is seeking further details about the interviews and the scope of the investigation. Shareholders and potential investors are advised to exercise caution when trading the company’s shares until additional information is provided.