Breaking: 3AC Cofounder Arrested and Sentenced to Prison

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Su Zhu, cofounder of 3AC, faces four-month prison sentence, per verdict of Singapore court

This comes after significant sanctions and

had been levied against him and his cofounder Kyle Davies by the Monetary Authority of Singapore in September. Zhu was arrested after a committal order was granted by Singapore Courts, according to the Teneo statement. The order, which was obtained on Sept. 25, was a response to the cofounder's intentional noncompliance with a previous court order compelling him to cooperate with ongoing liquidation investigations and account for his activities related to 3AC.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breaking: 3AC Co-Founder Arrested and Sentenced to PrisonSu Zhu, the co-founder of 3AC, faces a four-month imprisonment sentence as per the verdict of a Singapore court
Source: Utoday_en - 🏆 295. / 63 Read more »