SINGAPORE – KLW Holdings has come under investigation by the Commercial Affairs Department (CAD) for an offence under the Securities and Futures Act, the Catalist-listed door maker said today (Nov 23).

“The business and operations of the group are not affected by the investigations and will continue as normal. The company has extended and will continue to extend its fullest co-operation to the CAD in its investigations and will make further announcements as and when there are further significant developments concerning this matter,” KLW said in a filing with the Singapore Exchange.

KLW said that Ms Gaw Kuan Ching Jaslin, the Head of Operations and Human Resources of the company, was interviewed by the CAD last Thursday and released on bail. Ms Gaw was formerly the Group Financial Controller of the company.

Mr Lee Boon Teck, formerly KLW’s Managing Director and now a consultant of the company, was also interviewed by the CAD on Thursday and Friday, the company said. The CAD requested Mr Lee to surrender all his travel documents.

For the purpose of the investigation, CAD requested access to the following documents and information from the company and its subsidiaries for the period from 1 January 2012 to date:

all accounting records; all banking records; all corporate secretarial documents pertaining to the company and its subsidiaries; all draft announcements prepared for the company, including any comments and approval by directors; and all relevant information technology equipment and corporate emails.

The CAD investigation comes after KLW’s special auditor warned earlier this month of a major breakdown in the company’s internal controls and potential breaches of listing rules as well as the Companies Act.