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ComfortDelGro Investigates Allegations of Fraud in Australian Subsidiaries

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  • ComfortDelGro is addressing allegations of scams involving its Australian subsidiaries.
  • The company is investigating the issue and upholding a zero-tolerance policy on fraud.
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ComfortDelGro Investigates Allegations of Fraud in Australian Subsidiaries

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Comfortdelgro ( (SG:C52) ) just unveiled an update.

ComfortDelGro Corporation Limited is addressing serious allegations of scams and fraudulent taxi transactions involving its subsidiaries, A2B Australia Pty Ltd and Cabcharge Payments Pty Ltd, as reported by various Australian media outlets. The company has expressed its zero-tolerance stance on fraud and is actively investigating the matter with external legal counsel, promising to keep stakeholders informed of material developments in compliance with SGX Listing Rules.

More about Comfortdelgro

ComfortDelGro Corporation Limited is a Singapore-based transportation company that operates a wide range of services including taxis, buses, and other transport-related services. It has a significant market presence in several countries, focusing on providing efficient and reliable transportation solutions.

YTD Price Performance: -5.09%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $2.23B

Learn more about C52 stock on TipRanks’ Stock Analysis page.

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