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Singapore Seeks to Finish Noble Group Probe by Third Quarter

  • Investigations into commodity firm at advanced stage, MAS says
  • Probes into Hyflux and Eagle Hospitality Trust are continuing
The Monetary Authority of Singapore building in Singapore.

The Monetary Authority of Singapore building in Singapore.

Photographer: Wei Leng Tay/Bloomberg
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Singapore authorities aim to conclude their probe of commodity trader Noble Group Ltd. and its subsidiary for potential breaches by the third quarter, with investigations now at an advanced stage.

The investigations -- which have been ongoing since November 2018 -- involve suspected disclosure-related offenses, according to the Monetary Authority of Singapore’s enforcement report published on Wednesday. As part of the probe into the company, whose collapse destroyed many investors’ savings, the MAS said it asked foreign regulators for help to get information from relevant individuals, it said.