Contact MAS

Celestial Nutrifoods is insolvent, in part because of large, unexplainable cash outflows from the company's accounts in 2008 / 2009, preceding the firm's mid 2009 bond default. FTI, the court appointed provisional liquidator, has confirmed that these cash outflows represent unusual and, most likely, fraudulent conveyances.

Fraudulent conveyances, if they have occurred, are a type of corporate fraud. Investors have a right to demand that fraudulent conveyances are recovered so that investors can seek to recoup some of their losses.

The MAS must be made aware of the irregular cash outflows immediately; FTI (the provisional liquidator) deserves to receive full regulatory support as it investigates Celestial Nutrifoods and the cash outflows that occurred at the firm in 2008 / 2009. Fraud must be prosecuted to uphold the integrity of Singapore's capital markets.

Write to MAS Financial Supervision Department at the following address:

MAS Singapore Headquarters
Financial Supervision Department - Capital Markets Group
10 Shenton Way MAS Building
Singapore 079117
Tel : +65 6225-5577
Fax : +65 6229-9229

Address your letters to Leo Mun Wai (Department Head) or Loo Siew Yee (Capital Markets Group) or Christopher Tan (Enforcement Team).

If you are a non-Singapore investor you can contact the MAS at the following addresses:

MAS New York Office
Financial Supervision Department - Capital Markets Group
17 State Street
25th Floor
New York NY 10004
Tel : +1 212 809 4018
Fax : +1 212 809 6067

MAS London Office
Financial Supervision Department - Capital Markets Group
1st floor Old Change House
128 Queen Victoria Street
London EC4V 4BJ
Tel : +44 20 7332 6300
Fax : +44 20 7332 6309