Author: Mak Yuen Teen

The Datapulse Technology case shows that even for Singapore-incorporated, Singapore-based companies, investor protection leaves much to be desired.

I hope to post a series of short articles about some of the resolutions closer to the EGM. I also plan to write an article summarising all that have gone wrong at Datapulse, all the rules that I believe that have been bent or broken, and the regulatory responses or lack thereof thus far.

In this case, the track record of the company speaks for itself.

My fear is that this question will echo through the years and be a blot on our hard-earned reputation for low corruption which we can never erase and that no one will forget – if no serious enforcement action is taken. 

The internal control weaknesses appear to be systems and process-related, which in turn increase the risks of human errors and fraud.