Sex For Contract Scandal PAP Cadre ST Engineering See Teck Leong

[gingerlyn]

Former ST Marine president See Teck Leong the latest to be charged with corruption

See Leong Teck, who was president of ST Marine from December 1997 to February 2008, faces seven charges under the Prevention of Corruption Act. He joins three other former senior executives who were charged earlier this month.




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SINGAPORE: The former president of Singapore Technologies Marine (ST Marine), See Leong Teck, was on Tuesday (Dec 30) charged with corruption-related offences in the State Courts. He joined three other former senior executives who were charged earlier this month.

See, who was president of the firm from December 1997 to February 2008, faced seven charges under the Prevention of Corruption Act, parent company Singapore Technologies Engineering (ST Engineering) said in a stock market filing on Tuesday.

Former ST Marine group financial controller and senior vice-president (finance) Ong Tek Liam, former ST Marine president Chang Cheow Teck and former senior vice-president (Tuas Yard) Mok Kim Whang were charged under the Prevention of Corruption Act (PCA) and Penal Code on Dec 11.

ST Engineering, whose businesses include defence and aircraft maintenance, said the charges against See are not expected to have any material impact on its consolidated net tangible assets or consolidated earnings per share for the financial year ending Dec 31, 2014. It also said that the group is committed to maintaining high standards of corporate governance and recognises that fraud is detrimental to its reputation.

"ST Engineering does not condone fraud, including corruption and bribery, and is fully committed to proactively mitigating the risk of its occurrence," it added.

- CNA/ac

 

[gingerlyn]

See Teck Leong with his former customer Chong Phit Lian

 

[ScoutTrooper]

Former president of ST Marine charged with corruption; fourth high-level exec charged

Published on Dec 30, 2014 11:00 AM

See Leong Teck is said to have conspired with four others to pay bribes, totalling $556,174, to agents of customers. -- ST PHOTO: WONG KWAI CHOW

By Ian Poh

SINGAPORE - The former president of ship builder Singapore Technologies (ST) Marine was charged on Tuesday with corruption.

See Leong Teck, 64, is the fourth to be charged in this case, following three others who were hauled to court earlier this month.

He is said to have conspired with four others to pay bribes, totalling $556,174, to agents of customers. The bribes were allegedly in return for ship repair contracts.

See faces seven charges in all. The conspiracies he was allegedly a part of took place between 2004 and 2010. The bribes were allegedly paid between May 2004 and Dec 2007.

Two others named in the conspiracy with See on Tuesday had already been charged on Dec 11.

Former senior vice-president (Tuas Yard) Mok Kim Whang, 64, was named in one count involving $43,721. Former group financial controller and senior vice-president (finance) Ong Teck Liam, 58, appears in two of the charges, involving $247,658. Separately, Ong faces 118 counts of making false petty cash claims amounting to over $520,000 in entertainment expenses, when there should have been none.

Meanwhile, a former chief financial officer of group subsidiary Vision Technologies Systems, Patrick Lee Swee Ching, is named in five of See's charges. These involve $308,516.

A fourth alleged co-conspirator, Teh Yew Shyan, has died.

ST Marine, a subsidiary of ST Engineering, is a shipyard providing ship building, conversion and repair services worldwide.

See served as ST Marine's president from 1997 to 2008. He was succeeded by 54-year-old Chang Cheow Teck - who was among the three charged on Dec 11. Chang held the role till April 2010, and then served as president of ST Aerospace from May 2010 to June this year.

See, represented by Mr Wendell Wong of Drew and Napier, is out on $150,000 bail. His passport has been impounded.

If convicted, he could be jailed for up to five years and fined up to $100,000 on each count of corruption.