Three Former Employees Of Singapore's ST Marine In Corruption Net

Three former employees of Singapore Technologies Engineering Ltd (ST Engineering) were charged in the State Courts of Singapore on 13 January for their involvement in the corruption racket.

As part of 2011 investigation launched by Corrupt Practices Investigation Bureau (CPIB), former ST Marine employees - chief operating officer Han Yew Kwang, President of commercial business Tan Mong Seng (Tan) and Senior Vice President Mok Kim Whang (Mok) are charged under the section 477A of the Penal Code of the Prevention of Corruption Act.

For corrupt transactions with agents of ST Marine’s customers, Han was previously charged on 1 July 2015 with eight (8) charges under section 6(b) read with section 29(a) of the Prevention of Corruption Act and Tan with one (1) charge under section 6(b) read with section 29(a) of the Prevention of Corruption Act. Mok was also previously charged on 11 December 2014 with one (1) charge under section 6(b) read with section 29(a) of the Prevention of Corruption Act.

In an earlier July release, the Corrupt Practices Investigation Bureau said that "Singapore adopts a zero-tolerance approach towards corruption".

"CPIB takes a serious view of any corrupt practices, and will not hesitate to take action against any party involved in such acts," the release added.

The additional charges against Han, Tan and Mok are not expected to have any material impact on the consolidated net tangible assets or consolidated earnings per share of the ST Engineering Group for the current financial year, the company press release says.