In Singapore, where the integrity of commerce is treated as a civic trust, the Corrupt Practices Investigation Bureau has turned its attention to the executive suite of Multi-Chem, a mainboard-listed IT distributor whose CEO and COO were questioned, bailed, and stripped of passports and phones. The disclosure arrived Thursday morning and the market rendered its own immediate verdict — shares collapsed more than 40 percent, triggering the exchange's circuit breaker before the day had properly begun. What the agency is truly examining remains opaque even to the company's own independent director