Investors left in the lurch as investment platform CoAssets runs into trouble

THE Monetary Authority of Singapore (MAS) will review and take necessary action if CoAssets' licensed subsidiary - now known as CA Funding - has breached regulations. Read more at The Business Times.

Mr Goh had convinced investors to stay onboard and extended the payment deadlines for many of CoAssets' promissory notes.
As a matter of policy, the financial regulator does not disclose its dealings with regulated financial institutions, said a spokesperson.
MAS added that it is aware that police reports have been lodged against CoAssets.

BUSINESSTIMES.COM.SG 3 Jan, 2021

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Kenneth Ho

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