ComfortDelGro probes fraud allegations related to Australian subsidiaries

AN Australian unit of ComfortDelGro is investigating allegations of wrongful conduct made by several media companies, and it has engaged external legal counsel to advise on the matter.

In a bourse filing on Monday (Feb 17), ComfortDelGro said The Sydney Morning Herald and The Age, as well as 60 Minutes Australia had reported “serious allegations of scams and fraudulent taxi transactions”.

These transactions were said to be related to and against A2B Australia and Cabcharge Payments, both of which are indirect, wholly owned subsidiaries of ComfortDelGro.

The media platforms that reported on the matter are owned by Nine Entertainment. The Business Times has reached out to Nine Entertainment for comments.

“The board of directors of the company wishes to state that the company and its subsidiaries have a zero-tolerance policy towards any kind of fraud and wrongdoing,” said the land transport operator.

“The matter is currently being actively investigated by A2B which has engaged external legal counsel to advise on the matter and has written to Nine to reserve its rights,” added ComfortDelGro.

It also noted that the company will continue to monitor the situation and provide updates on material developments.

Shares of ComfortDelGro were trading 1.5 per cent or S$0.02 lower at S$1.36 as at 9.27 am on Monday, after the announcement.

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