Serious Sinkie Towkay Of Flopped Cryto Fund Arrested For Trying To Flee PAP! To Be Now Held In Jail For 4 Months For Constant Interrogation!

[JohnTan]

SINGAPORE – The co-founder of bankrupt cryptocurrency hedge fund Three Arrows Capital has been arrested at Changi Airport.

Teneo, the joint liquidators of Three Arrows, on Friday confirmed that Zhu Su was apprehended on Friday afternoon while attempting to travel out of Singapore following a committal order granted by the Singapore courts against him.

Teneo had applied for and obtained the order against Zhu on Monday “as a consequence of his deliberate failure to comply with a court order” that compelled him to cooperate with the liquidators’ investigations.

The statement said Zhu, who is remanded, is looking at four months in jail.

A similar order has been granted against Three Arrows’ co-founder Kyle Davies – who is also looking at four months in jail, according to Teneo – but his whereabouts are unknown.

Both Zhu and Davies are aged 36 and Singapore citizens.

Teneo said Zhu will be held in prison for four months, during which it seeks to engage him on matters relating to the failed hedge fund, including recovery of assets that are property of the firm or acquired using the firm’s funds. Zhu could not be reached for comment.

Two weeks ago, the Monetary Authority of Singapore said the two men were issued prohibition orders that banned them for nine years from taking part in the management, acting as a director or becoming a substantial shareholder of any regulated capital market services company here.

Under the ban, which took effect on Sept 13, the duo cannot perform any regulated activity under the Securities and Futures Act 2001.

The arrest comes more than a year since Three Arrows filed for bankruptcy.

The hedge fund was among the most prominent crypto firms to have collapsed in 2022, when billions of investors’ assets were wiped out from the market following a string of high-profile crashes.

Creditors claim Three Arrows owes up to US$3.5 billion (S$4.8 billion). Liquidators are seeking to recover around US$1.3 billion from Zhu and Davies, who allegedly racked up the losses when the company was already insolvent.

https://www.straitstimes.com/busine...s-capital-co-founder-nabbed-at-changi-airport

 

[earthquake]

Both Zhu and Davies are aged 36 and Singapore citizens.

FUCK PAP

 

[congo9]

Giving citizenship to all these questionable character. CCB

 

[JohnTan]

SINGAPORE – The co-founder of bankrupt cryptocurrency hedge fund Three Arrows Capital has been arrested at Changi Airport.

Teneo, the joint liquidators of Three Arrows, on Friday confirmed that Zhu Su was apprehended on Friday afternoon while attempting to travel out of Singapore following a committal order granted by the Singapore courts against him.

Teneo had applied for and obtained the order against Zhu on Monday “as a consequence of his deliberate failure to comply with a court order” that compelled him to cooperate with the liquidators’ investigations.

The statement said Zhu, who is remanded, is looking at four months in jail.

A similar order has been granted against Three Arrows’ co-founder Kyle Davies – who is also looking at four months in jail, according to Teneo – but his whereabouts are unknown.

Both Zhu and Davies are aged 36 and Singapore citizens.

Teneo said Zhu will be held in prison for four months, during which it seeks to engage him on matters relating to the failed hedge fund, including recovery of assets that are property of the firm or acquired using the firm’s funds. Zhu could not be reached for comment.

Two weeks ago, the Monetary Authority of Singapore said the two men were issued prohibition orders that banned them for nine years from taking part in the management, acting as a director or becoming a substantial shareholder of any regulated capital market services company here.

Under the ban, which took effect on Sept 13, the duo cannot perform any regulated activity under the Securities and Futures Act 2001.

The arrest comes more than a year since Three Arrows filed for bankruptcy.

The hedge fund was among the most prominent crypto firms to have collapsed in 2022, when billions of investors’ assets were wiped out from the market following a string of high-profile crashes.

Creditors claim Three Arrows owes up to US$3.5 billion (S$4.8 billion). Liquidators are seeking to recover around US$1.3 billion from Zhu and Davies, who allegedly racked up the losses when the company was already insolvent.

https://www.straitstimes.com/busine...s-capital-co-founder-nabbed-at-changi-airport

We could bring this Zhu chap to Whitley chalet for some waterboarding or flogging. We'll get the truth out of him easily.

 

[Chase]

almost all "reputable" china crypto companies setup shops in Singapore and some owners are even fugitives wanted by China.

 

[rocket]

FUCK PAP

Both are foreigners dog turn sinkies

 

[laksaboy]

Riddle me this... do you know of any born and bred Chinese Sinkies with names similar to Zhu Su?

 

[winnipegjets]

The angmo now regrets becoming a sinkee.