Alleged Improper Transfer of S$10 Million to oBike Hong Kong

56 Mr Dennis Tan Lip Fong asked the Minister for Home Affairs whether the former directors and management of oBike Singapore will be investigated by the Commercial Affairs Department for any alleged improper transfer to oBike Hong Kong of about S$10 million that is allegedly collected from its former Singapore customers by way of prepayment.

Mr K Shanmugam: The Police are investigating oBike Asia Pte Ltd (or "oBike Singapore") for misappropriation of funds. As investigations are ongoing, we are unable to comment further.