Singapore | Leading financial centre in Asia
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










Singapore Listed & Suspended Social Online Platform YuuZoo Corporation Ex-CEO James Matthew Somasundram Charged for Misleading Financial Reports in 2015 & 2016 for Overstating Revenue by $4.6 Million to $18.8 Million, YuuZoo Founder, Ex-Chairman, Finnish Citizen & Singapore Resident Thomas Zilliacus Issued with Warrant of Arrest & Interpol Red Notice, Thomas Zilliacus Placed Bid for Manchester United Football Club in 2023, Warrants of Arrest Also Issued to 3 Individuals CFO Michael Parker & Independent Directors Anthony Williams & Ozi Amanat 

24th February 2024 | Hong Kong

Singapore listed & suspended (since 2018) social online platform YuuZoo Corporation ex-CEO James Matthew Somasundram had been charged for misleading financial reports in 2015 & 2016 for overstating revenue by $4.6 million to $18.8 million.  YuuZoo founder & ex-Chairman (Finnish citizen & Singapore resident) Thomas Zilliacus had also been issued with a warrant of arrest and Interpol Red Notice.  In 2023, Thomas Zilliacus had placed a bid for English premier league Manchester United football club.  The Singapore police had also issued warrants of arrest to 3 individuals CFO Michael Parker and independent directors Anthony Williams & Ozi Amanat.  Singapore Police Force had issued a statement including of the 4 individuals refusing to return to Singapore (Thomas Zilliacus, Michael Parker, Anthony Williams, Ozi Amanat).  In 2014, YuuZoo Corporation completed a reverse takeover (RTO) of W Corporation, and renaming as “YuuZoo” on Singapore Exchange.  See below for more info

“ Singapore Listed & Suspended Social Online Platform YuuZoo Corporation Ex-CEO James Matthew Somasundram Charged for Misleading Financial Reports in 2015 & 2016 for Overstating Revenue by $4.6 Million to $18.8 Million, YuuZoo Founder, Ex-Chairman, Finnish Citizen & Singapore Resident Thomas Zilliacus Issued with Warrant of Arrest & Interpol Red Notice, Thomas Zilliacus Placed Bid for Manchester United Football Club in 2023, Warrants of Arrest Also Issued to 3 Individuals CFO Michael Parker & Independent Directors Anthony Williams & Ozi Amanat “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

Singapore Listed & Suspended Social Online Platform YuuZoo Corporation Ex-CEO James Matthew Somasundram Charged for Misleading Financial Reports in 2015 & 2016 for Overstating Revenue by $4.6 Million to $18.8 Million, YuuZoo Founder, Ex-Chairman, Finnish Citizen & Singapore Resident Thomas Zilliacus Issued with Warrant of Arrest & Interpol Red Notice, Thomas Zilliacus Placed Bid for Manchester United Football Club in 2023, Warrants of Arrest Also Issued to 3 Individuals CFO Michael Parker & Independent Directors Anthony Williams & Ozi Amanat

Singapore | Leading financial centre in Asia

Singapore Police Force (21/2/24) – The former Chief Executive Officer (“CEO”) of YuuZoo Corporation Limited (now known as YuuZoo Networks Group Corporation) (“YuuZoo”), a company listed on the SGX Mainboard, James Matthew Somasundram (“Somasundram”), was charged on 21 February 2024 under the Securities and Futures Act (Chapter 289, 2006 Revised Edition) (“SFA”) in connection with breaches by YuuZoo.   As part of its listing obligations, YuuZoo released quarterly financial reports. Following investigations, several of such financial reports released by YuuZoo between 2015 and 2016 are alleged to have been misleading in a material particular in that they overstated YuuZoo’s revenue by US$4.6 million to US$18.8 million.    Somasundram faces four charges under Section 331(1) read with Sections 199(b)(ii) and 204(1) of the SFA for his role in the release of these statements by YuuZoo. In particular, Somasundaram is alleged to have been negligent in connection with the financial reports released by YuuZoo for the 4th Quarter of 2015, 1st Quarter of 2016, 2nd Quarter of 2016 and 3rd Quarter of 2016. If convicted, he may be sentenced to imprisonment for a term not exceeding seven years and/or a fine not exceeding $250,000, for each charge.

The following four other officers of YuuZoo are also alleged to have been involved in the release of misleading statements by YuuZoo:

  1. Thomas Zilliacus, CEO / Executive Chairman
  2. Michael Parker, Chief Financial Officer
  3. Anthony Williams, Independent Director
  4. Ozi Amanat, Independent Director

The abovementioned people are currently out of Singapore and have refused to return. Accordingly, Warrants of Arrest have been issued against them. An INTERPOL Red Notice has also been issued against YuuZoo’s then CEO / Executive Chairman Thomas Zilliacus.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous article$122 Billion Travel Booking Group Booking.com Fined $530 Million in Spain by Anti-Competition Commission & Will Appeal Fine, Owns 5 Brands Including Booking.com, Priceline, Agoda, KAYAK & OpenTable 
    Next articleIndia Regulator SEBI Finds $241 Million Transferred Out of $2 Billion India Media Conglomerate Zee Entertainment, Zee Founders Ex-Chairman Subhash Chandra & Son CEO Punit Goenka Questioned for Accounting Irregularities, $10 Billion Merger into Sony Group Terminated in 2024 January, Zee Entertainment Share Price Decreased -38% YTD
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia