Cordlife lodges police report against ex-employees for potential wrongdoings
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SINGAPORE — Cordlife's board of directors has lodged a police report on April 17 over potential wrongdoings, amid an internal probe. Processes at the cord blood banking company have been in the spotlight after it was revealed on Nov 30, 2023, that cryopreCordlife lodges police report against ex-employees for potential wrongdoings
SINGAPORE — Cordlife's board of directors has lodged a police report on April 17 over potential wrongdoings, amid an internal probe. Processes at the cord blood banking company have been in the spotlight after it was revealed on Nov 30, 2023, that cryopreserved CBUs (cord blood units) in seven of its 22 storage tanks were exposed to suboptimal storage temperatures. In one of the seven tanks, 2,200 cord blood units were rendered unsuitable for stem cell transplants. Cordlife said in the filing: « Based on the preliminary findings of internal investigations conducted by an external consultant engaged by the COI (the Committee of Inquiry, which are still ongoing) and the information available, the COI is of the view that it has uncovered preliminary evidence of potential wrongdoings involving mostly former employees of the group in connection with the Tank A incident.» In a bourse filing on April 18, the company said it had convened a COI to conduct internal investigations into why about 2,200 cord blood units in Tank A were damaged. Read more