Corrupt Practices Investigation Bureau (CPIB)

Tiong Seng CEO Pek Lian Guan under CPIB probe

SINGAPORE (Sept 16): Pek Lian Guan, the CEO and executive director of Tiong Seng Holdings, is being probed by the Corrupt Practices Investigation Bureau in connection with certain staff loan transactions.

In a filing to SGX on Sept 16, the company revealed that Pek, who has worked in the construction company since 1990, was interviewed by CPIB on Sept 12.

Keppel corruption probe not yet over; former key execs reportedly arrested

SINGAPORE (Feb 2): Keppel Offshore & Marine (Keppel O&M) might have six weeks ago reached a global resolution with authorities in the US, Brazil and Singapore in connection with a bribery scandal, but it seems the corruption probe is not yet over.

See: Keppel O&M fined US$422 mil as part of resolution over bribes for contracts by ex-agent Skornicki

Current, ex-SMRT employees charged in $10 mil cheating scheme

SINGAPORE (Dec 29): Current and former employees of SMRT were charged in court on Friday of duping the transit operator into awarding millions of dollars of contracts to companies in which they had a financial interest.  

The charges come after a string of mishaps on the transit system -- including a collision last month that injured several people -- that has led to public anger in a city-state long known for its efficient public services.

Alleged Uber probe unlikely to shake ComfortDelGro's outlook: Maybank

SINGAPORE (Oct 5): Maybank KimEng is remaining firm on its latest upgrade to a “buy” call on ComfortDelGro (CDG) with unchanged price target of $2.40 or 16 times FY18 forecast earnings.

In a Thursday report, analyst John Cheong says his “buy” recommendation remains unaffected by the industry talk regardless of whether it is true or not.

See: ComfortDelGro upgraded on return to comfort zone

Uber said to be under CPIB probe over majority-owned Lion City Rentals

SINGAPORE (Oct 2): Market talk has it that Uber Technologies is under investigation by Singapore’s Corrupt Practices Investigation Bureau (CPIB) over the ride-hailing firm's majority-owned car rental company, Lion City Rentals (LCR).

According to an article published online by The Business Times on Monday, there has been talk in the parallel import (PI) industry that CPIB has “called up former and/or current Uber staff over LCR’s car purchases”.  

CPIB spokespeople contacted by the paper, however, refused to comment on the matter.

Former ST Marine president See Leong Teck jailed, fined for corruption

Singapore Technologies Engineering logo

SINGAPORE (Dec 2): Singapore Technologies Engineering on Friday announced that See Leong Teck, the former president of its subsidiary Singapore Technologies Marine, has been sentenced to a 10 months’ imprisonment and fined $100,000 for corruption.

See had pleaded guilty on Oct 7, 2016, to one charge under section 477A of the Penal Code, one charge under section 6(b) read with section 31 of the Prevention of Corruption Act, and one charge under section 157(1) of the Companies Act.

Former ST Engineering employee sentenced to 20 weeks jail, $100,000 fine

ST Engineering

SINGAPORE (Sept 27): ST Engineering said on Tuesday that the former senior vice-president of ST Marine’s Tuas Yard, Mok Kim Whang, had been sentenced to 20 weeks’ imprisonment and a total fine of $100,000.

(See also: Ex-ST Marine employees slapped with 1,744 additional criminal charges)

Former ST Marine COO sentenced

SINGAPORE (Aug 30): ST Engineering announced that Han Yew Kwang, the former Chief Operating Officer of ST Marine from June 2002 to June 2007, was sentenced to six months of jail and fined of $80,000, or 4 months’ imprisonment in default.

Han last served as Executive Vice President (Shipbuilding) prior to his departure from the group in June 2014.           

ST Engineering had announced in September 2011 that the Corrupt Practices Investigation Bureau (CPIB) was investigating certain transactions involving former and current employees of ST Marine.

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