LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG

LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Printable Version

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LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Scythian - 18-01-2023

SINGAPORE — Keppel Offshore and Marine Ltd (KOM)’s corrupt actions in Brazil dealt a blow to Singapore’s reputation, and the decision not to prosecute will “cause more damage” to Singapore’s reputation than the reprehensible acts that were perpetrated, said Mr Lee Hsien Yang (LHY), former Singtel CEO and former Chairman of Civil Aviation Authority of Singapore (CAAS).

Last Thursday (12 January), the Corrupt Practices Investigation Bureau (CPIB) made a press statement about the stern warnings issued to six former senior executives of KOM after close to five years of its investigations after consultation with the Attorney General’s Chambers (AGC).

The offences relate to bribe payments to officials of Brazilian state-owned corporation Petróleo Brasileiro S.A. (Petrobras), pertaining to rigs-building contracts which Petrobras and/or its related companies had awarded to KOM.

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Scythian - 18-01-2023

The fine paid by Keppel Offshore and Marine is one of the biggest ever paid under the US Corrupt Practices Act.

The US Justice Department found that between 2001 and 2014 executives of Keppel Offshore and Marine paid $US55 million in bribes to officials of Petrobras - Brazil's state-owned oil company - over 13 contracts to build a fleet of oil rigs.

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - sgbuffett - 18-01-2023

How come others are jailed for small bribes but Keppel big bribes are okay? The bribery was already proven in Brazilian court.

https://www.straitstimes.com/singapore/courts-crime/company-director-jailed-for-giving-colleague-4000-to-bribe-policeman-and-ica-officer

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Scythian - 18-01-2023

(18-01-2023, 06:10 AM)sgbuffett Wrote: How come others are jailed for small bribes but Keppel big bribes are okay? The bribery was already proven in Brazilian court.

https://www.straitstimes.com/singapore/courts-crime/company-director-jailed-for-giving-colleague-4000-to-bribe-policeman-and-ica-officer

CPIB making a mockery of Singapore legal systems.

Giving just a stern warning will linger on and tarnish Singapore reputation.

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Scythian - 18-01-2023

(18-01-2023, 06:10 AM)sgbuffett Wrote: How come others are jailed for small bribes but Keppel big bribes are okay? The bribery was already proven in Brazilian court.

https://www.straitstimes.com/singapore/courts-crime/company-director-jailed-for-giving-colleague-4000-to-bribe-policeman-and-ica-officer

CPIB website clearly stated "gratitude is a serious offence"

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - K88 shu shu - 18-01-2023

2 sets of laws ?

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Scythian - 18-01-2023

(18-01-2023, 07:09 AM)FartSunKing Wrote: stupid oppie retards!

so many here

"leekuanyew

Teh Cheang Wan case: No way a minister can avoid investigations
This jaw-dropping speech revealed then-Prime Minister Lee Kuan Yew's zero tolerance of corruption. He kicks off the parliamentary session by reading out a suicide note addressed to him, written by the Minister for National Development Teh Cheang Wan, who had died suddenly a month before. Mr Lee goes on to reveal for the first time that Teh was being investigated for accepting bribes."
https://www.straitstimes.com/singapore/teh-cheang-wan-case-no-way-a-minister-can-avoid-investigations#:~:text=leekuanyew,for%20accepting%20bribes.

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - K88 shu shu - 18-01-2023

(18-01-2023, 06:10 AM)sgbuffett Wrote: How come others are jailed for small bribes but Keppel big bribes are okay? The bribery was already proven in Brazilian court.

https://www.straitstimes.com/singapore/courts-crime/company-director-jailed-for-giving-colleague-4000-to-bribe-policeman-and-ica-officer

maybe becos it happened outside Sg and beyond our law jurisdiction ?

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - sgbuffett - 18-01-2023

(18-01-2023, 07:01 AM)K88 shu shu Wrote: 2 sets of laws ?

Is this one.country 2 systems?
Not okay for.orfinary citizens to bribe but okay for top brass to engage jn the largest bribery in Brazilian history.

As a citizen, just can't reconcile.

They claim CPIB can't get evidence is there integrity in these claims when all the evidence has been presented in Brazil?

Did the Singapore govt try to get evidence from the govt??...how they conclude they won't be given access to evidence?

I feel something is not right.

[Image: HAPCt9R.jpg]

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Clyde - 18-01-2023

The ultimate loser is keppel shareholders and the ultimate winner is the US, collecting so much fines from keppel.

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - K88 shu shu - 18-01-2023

(18-01-2023, 07:17 AM)sgbuffett Wrote: Is this one.country 2 systems?
Not okay for.orfinary citizens to bribe but okay for top brass to engage jn the largest bribery in Brazilian history.

As a citizen, just can't reconcile.

They claim CPIB can't get evidence is there integrity in these claims when all the evidence has been presented in Brazil?

Did the Singapore govt try to get evidence from the govt??...how they conclude they won't be given access to evidence?

I feel something is not right.

implying giving bribe outside Sg is OK ?

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Scythian - 18-01-2023

(18-01-2023, 07:17 AM)sgbuffett Wrote: Is this one.country 2 systems?
Not okay for.orfinary citizens to bribe but okay for top brass to engage jn the largest bribery in Brazilian history.

As a citizen, just can't reconcile.

They claim CPIB can't get evidence is there integrity in these claims when all the evidence has been presented in Brazil?

Did the Singapore govt try to get evidence from the govt??...how they conclude they won't be given access to evidence?

I feel something is not right.

Is Singapore authority saying US justice Department fraudulently obtained evidence and passed judgement?

Then, sue US Justice Department?

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - p1acebo - 18-01-2023

I thot they pleaded guilty in the US and were fined millions already? How come CPIB can lose to US courts?

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Scythian - 18-01-2023

(18-01-2023, 07:43 AM)K88 shu shu Wrote: implying giving bribe outside Sg is OK ?

Although outside of US, the US Justice Department investigated and accepted to settle compensation of a heavy fine for jail terms.

Rather than jiak leow bee in US prison.

RE: LHY :CPIB’s decision not to prosecute KOM executives “will cause more damage to SG - Scythian - 18-01-2023

(18-01-2023, 07:48 AM)p1acebo Wrote: I thot they pleaded guilty in the US and were fined millions already? How come CPIB can lose to US courts?

Acting blind..

Optometrist cannot prove CPIB, the patient can see .