More Corruption in Squeaky Clean Republic. High Salaries Do Not Prevent Corruption. Three former high-ranking staff members of ship builder Singapore Technologies Marine were charged on Thursday morning with corruption and falsification of accounts. Former president Chang Cheow Teck faces three charges of corruption involving a total sum of $273,778. The 54-year-old has been accused of conspiring with subordinates Teh Yew Shyan and Ong Teck Liam, between 2004 and 2010. The trio is alleged to have given bribes in return for favours such as ship repair contracts. Ong, 58, the firms former group financial controller and senior vice president (Finance), was charged with 118 counts of making false petty cash claims amounting to over $500,000 in entertainment expenses, when there were none. She was accused of being in conspiracies involving Chang and Teh, among others. Separately, ST Marines former senior vice-president (Tuas Yard) Mok Kim Whang, 64, has been accused of conspiring with others to corruptly pay $43,721 to a company in May 2004. ST Marine, a subsidiary of engineering group Singapore Technologies Engineering, is a shipyard providing ship building, conversion and repair services worldwide. *Lieutenant-Colonel Chang Cheow Teck was a Senior Officer in the Air Force and President of VT Systems and ST Engineering cc. Kojak Bt - See more at: straitstimes/news/business/companies/story/three-former-executives-st-marine-charged-singapore-court-20141211#sthash.aK6lp9dY.dpuf
Posted on: Thu, 11 Dec 2014 06:00:56 +0000
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