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Singapore arrests former Keppel execs in Brazil bribery probe - media

chittychitty

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SINGAPORE (Reuters) - Several former executives of Keppel Corp have been arrested by Singaporean authorities in a probe related to charges its rig-building unit bribed Brazilian officials, Singapore's Straits Times newspaper reported on Friday.

Keppel Offshore & Marine in December agreed to pay $422 million to resolve investigations into the matter by authorities in the United States, Brazil and Singapore.

But Singapore's Attorney-General's Chambers (AGC) and the Corrupt Practices Investigation Bureau (CPIB) said at the time that investigations regarding the individuals involved were ongoing.

The Straits Times said more than six people were currently out on bail connected with case.

More at https://sg.news.yahoo.com/singapore...s-brazil-bribery-probe-023917181--sector.html
 

halsey02

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In 3rd world countries don't offer bribes..how to get things done?

Must catch a few scapegoats mah!.....how can anything that run into million of dollars...the top is blur about this..right? If they don't get the projects...how can Keppel boast of profits?? not only 3rd world you need bribe...for "bribe" can be in any form....a rose is a rose in any other name...
 

ToaPehGong

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To the other companies still condoning such practices, lesson is be the CEO and not the other positions cos the CEO seems to be spared. Long live corruption
 

bobby

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CPIB reports to PMO. AG’s decision cannot be challenged. The conclusion is obvious.

Gets more complicated.....Keppel Corporation is a Singapore based conglomerate founded by Temasek Holdings and Temasek Holdings boss is PM's wife.
 

po2wq

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Asset
brame ze brazilian coys 4 not giving iz staffs world crass salaries ...

kepcorp execs were merely volunteering 2 help their brazilian brudders ... u dun reprimand volunteers, do u? ...
 

CoffeeAhSoh

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coffee ah soh is working on it now... coming soon :biggrin:

.


heard its a tough call.

oyk was there at Keppel corp..


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Ong Ye Kung joins Keppel Corp Former PAP Aljunied candidate sidesteps queries on political plans. -ST Janice Heng Fri, Jan 04, 2013 The Straits Times SINGAPORE - Former People's Action Party (PAP) Aljunied candidate Ong Ye Kung is joining Keppel Corporation, ending months of speculation on where he was going after he left the labour movement. But the man once touted to be part of the party's fourth-generation leadership has left a bigger question unanswered - whether he will contest future elections, including a possible by-election in Punggol East. On Tuesday, the 43-year-old sidestepped questions about his political plans, though observers say his latest move does not rule out his re-entry into politics. He would only say: "This is a career transition for me. "I have always admired Keppel as an internationally competitive company, and look forward to contributing to the team." Mr Ong added that he will start work next week as a director looking after group strategy. While his move to the government-linked marine and property conglomerate could be read as groundwork for political office, observers interviewed did not want to place too much weight on it. "It's just another career move," said former Nominated MP Zulkifli Baharudin. "I wouldn't read too much into it." But he did add that corporate experience would benefit Mr Ong if he was still being primed for ministerial duties in future. "A future leadership with commercial experience would be good for Singapore," said Mr Zulkifli, adding that it would mean "more diverse talent" in Cabinet. Former NMP Siew Kum Hong too said the move certainly did not rule out Mr Ong's continued involvement in politics, but did not attach special significance to his appointment at Keppel Corp. "There are any number of reasons why people would join GLCs," he said. GLCs stands for government-linked companies. Mr Ong's move was reported on Tuesday by Lianhe Zaobao. But he had also remained silent on his political future in an interview with the Chinese daily, saying only that he was "looking forward to turning a new page in his career". He described joining Keppel as a "personal career move", noting that he had never been in the private sector before, and said that one of Keppel's main draws was its international competitiveness. Mr Ong was a high-flier in the civil service, taking on posts such as the Prime Minister's principal private secretary and the chief executive of the Singapore Workforce Development Agency before leaving the elite Administrative Service to join the National Trades Union Congress (NTUC) in 2008. That paved the way for him to run as a PAP candidate in the 2011 General Election, when he was widely expected to be given a ministerial post. The loss of Aljunied GRC to the Workers' Party, however, appeared to have scuppered those plans. Last November, Mr Ong stepped down as NTUC's deputy secretary-general, sparking much speculation about his next move. His name was also among several bandied about as a potential PAP candidate for a possible by-election in Punggol East. The single seat was vacated after its MP, Speaker of Parliament Michael Palmer, resigned over an extramarital affair. On Tuesday, Mr Ong told The Straits Times that he was maintaining his links with the labour movement as chairman of the Employment and Employability Institute and adviser to several unions. "I continue to serve as a community and grassroots volunteer," he said, adding that all these were unpaid positions. Just last Sunday, he ushered in the New Year with Kaki Bukit residents, in his capacity as adviser to the ward's grassroots organisations
 

no_faith

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Asset
And then one keppel executive transfer to smrt.
Just catch few mice and things die down, put them into another govt related body.:biggrin:
 
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