Is BBC hinting that Las Vegas Sands have brided Singapore officials?????

[singveld]

I saw on BBC, a new about Las Vegas Sands bribe foreign officals, bbc said sands own casinos in Marina bay and Macau, but they put the photo of marina sands, are they hinting that our civil servants are involved. This is unacceptable, if it will be the case, most likely Macau. Not in singapore, our corrution are very low.

http://www.bbc.co.uk/news/business-21647542

Las Vegas Sands owns several casinos, including this one in Marina Bay in Sinagpore
Casino operator Las Vegas Sands has said that it probably violated a US law that prohibits bribing foreign officials.






Las Vegas Sands violated US bribery law


In a regulatory filing, it said that the Securities and Exchange Commission had asked for documents in 2011.

Las Vegas Sands, controlled by billionaire Sheldon Adelson, said it had now found there had been "likely violations" of the bribery law.

But it does not expect the revelations to hurt its bottom line.

The US Foreign Corrupt Practices Act makes it a crime for US corporations and their subsidiaries to bribe foreign officials, and some other large US companies have found themselves on the wrong side of the law.

In April, Wal-Mart, the world's largest retailer, revealed it was investigating claims that its Mexican subsidiaries used bribes to secure permits to build new stores and said it was carrying out investigations in various other countries as well, including Brazil and China.

Las Vegas Sands said that the SEC requested documents in February 2011 relating to the anti-bribery law.

"The Audit Committee advised the company and its independent accountants that it had reached certain preliminary findings, including that there were likely violations of the books and records and internal controls provisions of the FCPA," it said.

But the casino operator added that these findings "do not have a material impact" and "do not warrant any restatement of the company's past financial statements".

Las Vegas Sands makes the bulk of its earnings in in Macau, the world's biggest gambling market and the only Chinese territory where gambling is allowed, and Singapore.

 

[laksaboy]

I saw on BBC, a new about Las Vegas Sands bribe foreign officals, bbc said sands own casinos in Marina bay and Macau, but they put the photo of marina sands, are they hinting that our civil servants are involved. This is unacceptable, if it will be the case, most likely Macau. Not in singapore, our corrution are very low.

What's unacceptable is your reluctance at facing up to reality.

After those sex scandals, City Harvest scandal, AIM scandal, Brompton bike scandal, global football match-fixing scandal etc, will it still surprise you to find out that the so-called pristine reputation of Singapore is nothing more than an illusion?

 

[songsongpunggol]

corruption is legalized in singapore.

even CPIB kum lan jiao in exchange for fat contracts also go free!

where got corruption? it doesn't exist!

 

[lesMISERABLES]

What's unacceptable is your reluctance at facing up to reality.

Totally agreed.

 

[Narong Wongwan]

What's unacceptable is your reluctance at facing up to reality.

After those sex scandals, City Harvest scandal, AIM scandal, Brompton bike scandal, global football match-fixing scandal etc, will it still surprise you to find out that the so-called pristine reputation of Singapore is nothing more than an illusion?

Dun expect brain washed gong cheebye zombies to be equipped with basic critical thinking

 

[singveld]

What's unacceptable is your reluctance at facing up to reality.
After those sex scandals, City Harvest scandal, AIM scandal, Brompton bike scandal, global football match-fixing scandal etc, will it still surprise you to find out that the so-called pristine reputation of Singapore is nothing more than an illusion?

i never said that, i only said that US have not release the culprit yet, so they should do a balance report and put both macau and singapore photo, they do not know who, why just put singapore photo on their report, the retard in UK who read it, will immediately think it is singapore, this is trial by journalism.

 

[singveld]

Dun expect brain washed gong cheebye zombies to be equipped with basic critical thinking

a retard handicap like you , are not in the level to judge anyone.

 

[peppertail]

BBC doesn't hint. They report.

 

[singveld]

Oh he is the stig online, but in real life i introduce Narong Wongwan, he is on wheelchair, born with handicap. He is a sad person.

 

[singveld]

Like this

Obstructing the development of political parties and competitive candidates is as fraudulent as stuffing ballot boxes.
Buying votes with state resources is as fraudulent as stealing them outright during the tally.
Dominating the media or stacking the electoral commission with friends is as fraudulent as violating the secrecy of the vote.

 

[Confuseous]

What's unacceptable is your reluctance at facing up to reality.

After those sex scandals, City Harvest scandal, AIM scandal, Brompton bike scandal, global football match-fixing scandal etc, will it still surprise you to find out that the so-called pristine reputation of Singapore is nothing more than an illusion?

How complex is the Bromton bike scandal that we still don't know what happened. Or is the report being cleaned up?

AIMgate too, seems to be dragging. Again, how complex can it really be?

 

[ElectronicArts]

Oh he is the stig online, but in real life i introduce Narong Wongwan, he is on wheelchair, born with handicap. He is a sad person.

Since when The Stig can speak thai?

 

[Jah_rastafar_I]

After all that has happened in sg is anything actually surprising anymore? Ok so it's discovered that sands bribed sinkie officials i doubt many ppl would be surprised.

 

[Alamaking]

Of cox they have!!!

 

[singveld]

It is Chinaa.
see what i meant, BBC standard is getting worse and worse, in no time, they will be 154th.
----------------------------------------------------------------------------------
In Filing, Casino Operator Admits Likely Violation of an Antibribery Law
By MICHAEL SCHWIRTZ

The Las Vegas Sands Corporation, an international gambling empire controlled by the billionaire Sheldon G. Adelson, has informed the Securities and Exchange Commission that it likely violated a federal law against bribing foreign officials.

In its annual regulatory report published by the commission on Friday, the Sands reported that its audit committee and independent accountants had determined that “there were likely violations of the books and records and internal controls provisions” of the Foreign Corrupt Practices Act.

The disclosure comes amid an investigation by the Securities and Exchange Commission as well as the Department of Justice and the Federal Bureau of Investigation into the company’s business activities in China.

It is the company’s first public acknowledgment of possible wrongdoing. Ron Reese, a spokesman for the Sands, declined to comment further.

The company’s activities in mainland China, including an attempt to set up a trade center in Beijing and create a sponsored basketball team, as well as tens of millions of dollars in payments the Sands made through a Chinese intermediary, had become a focus of the federal investigation, according to reporting by The New York Times and The Wall Street Journal in August.

In its filing, the Sands said that it did not believe the findings would have material impact on its financial statements, or that they warranted revisions in its past statements. The company said that it was too early to determine whether the investigation would result in any losses. “The company is cooperating with all investigations,” the statement said.

The Sands’ activities in China came under the scrutiny of federal investigators after 2010, when Steven C. Jacobs, the former president of the company’s operations in Macau, filed a wrongful-termination lawsuit in which he charged that he had been pressured to exercise improper leverage against government officials. He also accused the company of turning a blind eye toward Chinese organized crime figures operating in its casinos.

Mr. Adelson began his push into China over a decade ago, after the authorities began offering a limited number of gambling licenses in Macau, a semiautonomous archipelago in the Pearl River Delta that is the only place in the country where casino gambling is legal.

But as with many lucrative business spheres in China, the gambling industry on Macau is laced with corruption. Companies must rely on the good will of Chinese officials to secure licenses and contracts. Officials control even the flow of visitors, many of whom come on government-run junkets from the mainland.

As he maneuvered to enter Macau’s gambling market, Mr. Adelson, who is well known in the United States for his financial and political clout, became enmeshed in often intertwining political and business dealings. At one point he reportedly intervened on behalf of the Chinese government to help stall a House resolution condemning the country’s bid for the 2008 Summer Olympics on the basis of its human rights record.

In 2004, he opened his first casino there, the Sands Macau, the enclave’s first foreign owned gambling establishment. This was followed by his $2.4 billion Venetian in 2007.

Some Sands subsidiaries have also come under investigation by Chinese authorities for violations that included using money for business purposes not reported to the authorities, resulting in fines of over a million dollars.

Success in Macau has made Mr. Adelson, 78, one of the richest people in the world. He and his wife, Miriam, own 53.2 percent of Las Vegas Sands, the world’s biggest casino company by market value. Last year, Forbes estimated his fortune at $24.9 billion.

Mr. Adelson became the biggest single donor in political history during the 2012 presidential election, giving more than $60 million to eight Republican candidates, including Newt Gingrich and Mitt Romney, through “super PACs.” He presides over a global empire of casinos, hotels and convention centers.

 

[Narong Wongwan]

Oh he is the stig online, but in real life i introduce Narong Wongwan, he is on wheelchair, born with handicap. He is a sad person.

One comment from me made your knickers in a twist?
I haven't began to list your malu stuff here pls dun start to cho cho me first muahaha