Dayen ordered to assist in criminal probe

Singapore Exchange-listed firm Dayen Environmental Limited announced on Wednesday that Singapore Criminal Affairs Department (CAD) has issued a formal order to the Company to assist it with its investigations into certain affairs of the Company.

CAD has not informed the Company of the nature of their investigations, Dayen said.

The firm said it has been asked to produce information and documents relating to a mining rights agreement (MRA) with PT Modal Investasi Mineral (MIM) for the exploitation and marketing rights of five million metric tonnes of coal in December 2007.

Dayen announced in June 2008 that the MIM was unable to perform its obligation under the MRA.

It also needs to supply information on its acquisition of shares of PT ATPK Resources in December 2007.

ATPK is a parent company of MIM.

It was also asked about a coal sales agreement with PT Repindo Jagad Raya in June 2008.

The CAD is also requesting for information about certain Dayen employees and former staff.

Dayen said it will fully cooperate with investigation. (alex)