Sail GP Halifax: The Extreme Race Experience | SaltWire #racing #sailing #catamaranSINGAPORE - Singapore authorities on Thursday charged a former CEO of Sembcorp Marine and an ex-senior general manager of one of the company's unit with bribing Brazilian officials to advance the company's interests in Brazil, according to a statement.
The city-state's Attorney-General's Chambers and Corrupt Practices Investigation Bureau said in the statement that ex-CEO Wong Weng Sun and ex-manager Lee Fook Kang faced five charges of conspiring to give a middleman inducements to advance the business interests of Sembcorp Marine's Brazilan subsidiaries.The total amount of inducements and rewards offered amounted to about $44 million, according to the statement.
Seatrium said in a stock exchange announcement on Thursday that the Attorney-General's Chambers was agreeable to enter into the deferred prosecution agreement. It said it remains committed to the highest standards of compliance, including in particular zero tolerance for bribery and corruption.
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