Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Former Keppel Shipyard officer faces 395 counts of corruption

Jaclyn Jaeger | October 18, 2017

Singapore’s Corrupt Practices Investigation Bureau charged a former senior procurement officer of Keppel Shipyard, a wholly-owned subsidiary of Keppel Offshore & Marine, with 395 counts of corruption.

On 26 September 2017, Neo Kian Siong, appeared in court for a total of 395 charges for the following offences:

  • 78 counts of corruptly accepting a total of S$293,000 (US$216,000) from several company directors and a sales engineer in exchange for helping the companies further their business interests with Keppel Shipyard. This constituted a violation of Section 6(a) of the Prevention of Corruption Act, Chapter 241.
  • 270 counts of converting approximately S$933,600 (US$687,850), which wholly represents benefits from criminal proceeds, to numerous forms of assets—such as vehicle deposits and hire purchases, housing loan, insurance premiums, shares, unit trusts, foreign...
    Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.