[Scythian]

Singapore's squeaky clean image has taken a battering .

Senior Minister for State Finance and Law Indranee Rajah insists the company, a unit of the government-linked conglomerate Keppel Corporation, has not got off "lightly" by agreeing to pay a $US422 million ($536 million) fine to avoid a criminal trial in the US for bribing Brazilian officials.

"As far as the company is concerned, make no mistake, there has been a heavy price to pay, and deservedly so," Indranee told Singapore's Parliament in the first comments on the scandal by a government leader.

But Indranee admitted in Parliament the Keppel scandal had hurt country's reputation and that the government was "extremely disappointed as well in what has occurred."

[Scythian]

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Amazingly,  in total KOM CEOs had given US$55 millions bribes over 14 years (2001-2014) without anyone else knowing.

Knowing Corruption is illegal in Singapore but how they quietly hidding it in closet only known to themselves.

[K88 shu shu]

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Amazingly, those 6 KOM CEOs in total had given US$55 millions over 14 years (2001-2014) without anyone knowing.

Knowing Corruption is illegal in Singapore but how they quietly keep it to themselves.

how KOM classify this money in their annual report ?

[Scythian]

how KOM classify this money in their annual report ?

Then, it's for their Auditors and parent, Temasek Holdings to answer..

AGC too

[Scythian]

2 stupid oppie fcuks!

licking each other's balls

Please be patient will you?

The whole nation is Waiting for PM Lee to decide what to do..

[limkopi]

Was ex minister Lim Chee Onn the CEO / chairman during that period?

[limkopi]

https://www.theedgemarkets.com/article/c...80%99s-ceo

[limkopi]

These 2 were the head honchos back then. But I think they were not named in the investigations.

[limkopi]

So the whole bribery thing was done behind their backs, as Keppel has a zero tolerance policy towards corruption

[debono]

Was ex minister Lim Chee Onn the CEO / chairman during that period?

The CEO and Chairman, cannot be sleeping whilst all this is done..........he should be responsible even if he were the ex-minister................

[Gstalk]

PM then was pinky?

[Gstalk]

If Oppo was involved, the chief will be asked to resign immediately

[Scythian]

PM then was pinky?

Since 12 August 2004..

[Scythian]

If Oppo was involved, the chief will be asked to resign immediately

The whole members in Parliament has to be investigated since 2001.

All those collecting multi millions for their jobs must be answerable.

[Scythian]

In other cases..

"Prime Minister Lee Hsien Loong, speaking to Singapore reporters in Davos, Switzerland, this morning, said: 'Whoever he is, whichever position he occupies, we will pursue the matter and settle it one way or another.'

'If he did wrong, he must be punished; if he did nothing wrong, he must be exonerated.'Ex-Singapore Civil Defence Force Commissioner Peter Lim and ex-Central Narcotics Bureau chief Ng Boon Gay are currently being probed by the Corrupt Practices Investigation Bureau (CPIB)."

https://www.sammyboy.com/threads/corrupt...u%20(CPIB).

[YummyKing]

Sorry, I just woke up from my nap.
May I know who’s the PM from 2001 to 2014?

[jus4lucky]

corrupted government pretend to be a clean government. Reputation is damaged. Whole world know the dirty tactics liao.

[Scythian]

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Over 14 years, 6 brave KOM CEOs acting like cowboys and yet, afraid to face US DoJ inquires..instead they sent a lawyer as messenger .

If they are innocent, Why are they afraid to be detained?

[Wy:Nox]

Then, it's for their Auditors and parent, Temasek Holdings to answer..

AGC too

Maybe AGC missed auditing this for 13 years.

[K88 shu shu]

$55M can't be simply approved by any tom dick or hairy.

Chairman, board of directors all closed the eyes to sign the approval ?

[Scythian]

$55M can't be simply approved by any tom dick or hairy.

Chairman, board of directors all closed the eyes to sign the approval ?

Those who approved and signed were Dick, Tom and Hairy

[Scythian]

The CEO and Chairman, cannot be sleeping whilst all this is done..........he should be responsible even if he were the ex-minister................

"International laws
United Nations Convention against Corruption"

"Convention on Combating Bribery of Foreign Public Officials in International Business Transactions

The challenge to fight international corruption in a scenario of increasing globalization subsidized the conception of the Organization for Economic Co-operation and Development (OECD)'s Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

On 17 December 1997, the Convention was signed by OECD's Member States, with the addition of Brazil, Argentina, Bulgaria, Chile and Slovakia. The Convention entered into force in 1999. In Brazil, the Convention was ratified on 15 June 2000 and promulgated by Decree nº 3,678 of 30 November 2000.

The main objective of the Convention is to prevent and fight corruption of foreign public officials in international business transactions."
https://www.unodc.org/lpo-brazil/en/corr...nal%20laws"
https://sgtalk.net/Thread-Convention-on-...l%2520laws

[Scythian]

how KOM classify this money in their annual report ?

Over a period of 14 years (2001-2014), those 6 KOM CEOs signed the annual reports, KOM Balance Sheets and yearly P & L accounts as true and fair view.

For that, CPIB issued a stern warning.

[Scythian]

$55M can't be simply approved by any tom dick or hairy.

Chairman, board of directors all closed the eyes to sign the approval ?

"Keppel O&M Marks 10 Years of Excellence with Strong Orderbook of S$12 billion
Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned subsidiary of Keppel Corporation Limited, celebrated its 10th Anniversary in 2012 with a strong net orderbook of S$12.2 billion, including S$9 billion worth of new contracts secured year-to-date.

Strong Results
Since 2002, the collective strength of Keppel O&M has delivered strong results. Revenue1 grew three-fold from S$1.9 billion in 2002 to over S$5.7 billion in 2011. For the first nine months of 2012, Keppel O&M has achieved over S$6.2 billion in revenue. Economic Value Added also reached S$992 million in 2011, from S$20.2 million in 2002. These achievements were generated by a global workforce of over 30,000, a significant increase from around 14,000 in 2002.

Mr Choo Chiau Beng, Chief Executive Officer of Keppel Corporation and Chairman of Keppel O&M said, "The past 10 years have proven that this integration strategy is right for us. By eliminating duplication and internal competition, streamlining our operations as well as harnessing synergies and combined strengths, we have maximised value for not only ourselves, but also our customers and business partners. In the process, we have grown from strength to strength."""

[talky]

Over a period of 14 years (2001-2014), those 6 KOM CEOs signed the annual reports, KOM Balance Sheets and yearly P & L accounts as true and fair view.

For that, CPIB issued a stern warning.

u are absolutely RIGHT
is totallty an understatment just to give a warning

[Scythian]

"Man in bribery case linked to Keppel Fels has jail term more than doubled after his appeal"

https://www.straitstimes.com/singapore/c...s%20appeal

[Scythian]

"The total amount of bribes paid by the three vendors - Titan Offshore Equipment, Spectrama Marine & Industrial Supplies, and Growa - was $879,853.63.

According to the judgment, Lim received $293,822.39, Rajavikraman and Goh each received $191,115.89, and the balance was used to pay Megamarine's corporate tax."

[Scythian]

u are absolutely RIGHT
is totallty an understatment just to give a warning

"The total amount of bribes paid by the three vendors - Titan Offshore Equipment, Spectrama Marine & Industrial Supplies, and Growa - was $879,853.63.

According to the judgment, Lim received $293,822.39, Rajavikraman and Goh each received $191,115.89, and the balance was used to pay Megamarine's corporate tax."
https://www.straitstimes.com/singapore/c...rate%20tax.

[Scythian]

.
In past 10 - 20 years, corruption was rampant in both KOM and KFELS.

Clearly, nothing has been done.

a total mismanagement

[Scythian]

"Singapore criminal justice system is anchored by four fundamental principles: (1) the laws and criminal process must protect society from crime and uphold law and order; (2) due process and the rule of law must be observed and sentences must be commensurate with the culpability of the offender and seriousness of the offence. (3) our enforcement agencies must be empowered to discharge their duties; and (4) quite importantly, offenders must be given the opportunity to be rehabilitated and reintegrated into society."

Law Minister K Shanmugan