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S-Chips Scandals relates to corporate scandals surrounding Chinese companies listed on the Singapore Exchange. Embezzlement, forgery, accounting fraud had been the order of the day. Frauds were perpetrated by Chinese citizens and facilitated by mostly Singaporean and Malaysian securities promoters. Receivership processes have been stalled by uncooperative management and employees of mainland China subsidiaries. In addition, local Chinese authorities have made it difficult for the receiver to take possession of and manage the mainland China subsidiaries, including the sell off of their assets. Since all of these Chinese companies have their business operations in mainland China, prosecution by Singaporean authorities of Chinese perpetrators will be difficult since there is not extradition treaty between China and Singapore.

There are striking similarities between the S-Chips Scandals, the series of bankruptcy failures of P-Chips in Hong Kong, and the China Stock Frauds in the United States

Partial List of S-Chips Scandals

This list includes name of company, stock symbol, and place of incorporation. For a list of similar frauds in the United States, go here. And for a list of similar frauds in Hong Kong, go here.
Oriental Century  (Singapore)

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