Following the ostensible BVI liquidation notice, the Monetary Authority of Singapore published athat says 3AC misled regulators. “The Monetary Authority of Singapore today reprimanded Three Arrows Capital Pte. Ltd. for providing false information to MAS and exceeding the assets under management threshold allowed for a registered fund management company ,” the press release reveals. The MAS violation notice mentions that the regulator has been investigating 3AC’s contraventions “since June 2021.
3AC is also accused of breaching the MAS assets under management threshold. “[3AC] exceeded its allowable AUM of S$250 million for a RFMC between July 2020 and September 2020 and between November 2020 and August 2021,” the Singapore regulators detailed. “In light of recent developments which call into question the solvency of the fund managed by [3AC], MAS is assessing if there were further breaches by [3AC] of MAS’ regulations,” the MAS officials added.
from Singapore say “rumors” have claimed that liquidators have been eyeing 3AC’s homes and property located in the country. The publication Edgeprop’s reporter Cecilia Chow detailed that records show from 2019 to 2021, Su Zhu purchased three bungalows in Singapore that cost him around $83.55 million.
The Singapore properties are allegedly in Zhu’s name and his wife’s name as well. In December, Zhu and his wife purchased a 31,863 sq ft home called the “Good Class Bungalow .” Chow’s report notes that the GCB property was put into a trust for one ofChow further details that Zhu’s wife owns a $28.5 million bungalow in Singapore located near the Botanic Gardens at Dalvey Road. The property was acquired in September 2020 and the reporter notes that it is “currently under construction.
Chow further says that members of the 3AC team also own an entire fleet of “high-end cars and a yacht.” The well known Terra whistleblower named
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