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20-02-2016, 09:20 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.channelnewsasia.com/news/...orspick_070814 (http://www.channelnewsasia.com/news/singapore/former-st-marine/2530342.html?cid=cna_editorspick_070814)
Former ST Marine financial controller pleads guilty in corruption case
The 59-year-old admitted to conspiring with four other senior executives to facilitate the payment of bribes to employees of ST Marine’s customers, in order to get more business from them.
By Vanessa Paige Chelvan
Posted 19 Feb 2016 19:12 Updated 19 Feb 2016 19:20
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SINGAPORE: Former Singapore Technologies (ST) Marine group financial controller and senior vice-president (Finance) Ong Teck Liam pleaded guilty to 10 charges on Friday (Feb 19) relating to the falsification of accounts. The total amount involved is S$48,887.
The 59-year-old, who faced a total of 118 charges, admitted to conspiring with four other senior executives to facilitate the payment of bribes to employees of ST Marine’s customers, in order to get more business from them.
Officers who negotiated and paid the cash bribes did so with the approval of key members of ST Marine’s senior management team, the court heard Friday. Records seized from the company showed at least S$24.9 million in bribes were paid over 12 years, from 2000 to 2011.
Ong, who was with ST Marine from 2007 until she retired in 2012, was asked to sign a set of cash cheques to reimburse officers for entertainment expenses that had supposedly been incurred. But she realised there were no supporting receipts for the claims, and questioned her staff from the Finance Department.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?225361-GRC-High-Management-Exec-Corrupt-caught-Makan-25millions&goto=newpost).
http://www.channelnewsasia.com/news/...orspick_070814 (http://www.channelnewsasia.com/news/singapore/former-st-marine/2530342.html?cid=cna_editorspick_070814)
Former ST Marine financial controller pleads guilty in corruption case
The 59-year-old admitted to conspiring with four other senior executives to facilitate the payment of bribes to employees of ST Marine’s customers, in order to get more business from them.
By Vanessa Paige Chelvan
Posted 19 Feb 2016 19:12 Updated 19 Feb 2016 19:20
PHOTOS
Enlarge
Caption
0 Email More
A A
SINGAPORE: Former Singapore Technologies (ST) Marine group financial controller and senior vice-president (Finance) Ong Teck Liam pleaded guilty to 10 charges on Friday (Feb 19) relating to the falsification of accounts. The total amount involved is S$48,887.
The 59-year-old, who faced a total of 118 charges, admitted to conspiring with four other senior executives to facilitate the payment of bribes to employees of ST Marine’s customers, in order to get more business from them.
Officers who negotiated and paid the cash bribes did so with the approval of key members of ST Marine’s senior management team, the court heard Friday. Records seized from the company showed at least S$24.9 million in bribes were paid over 12 years, from 2000 to 2011.
Ong, who was with ST Marine from 2007 until she retired in 2012, was asked to sign a set of cash cheques to reimburse officers for entertainment expenses that had supposedly been incurred. But she realised there were no supporting receipts for the claims, and questioned her staff from the Finance Department.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?225361-GRC-High-Management-Exec-Corrupt-caught-Makan-25millions&goto=newpost).