In the same July 2 announcement, the REIT manager said that Li had asked, and given, a leave for absence pending the outcome of the matter.
The REIT manager intends to fully cooperate with the CAD and MAS in their investigation.
“CAD indicates that EC World REIT and the Manager are not under investigation. The business and operations of EC World REIT have not been affected,” said EC World REIT.
Goh Toh Sim, CEO of the REIT manager, will continue to oversee and be involved in the investment and asset management functions.
