Former ST Marine President Charged with Corruption

Former SE Marine President Charged with Corruption

The State Courts of Singapore charged See Leong Teck, the former president of shipbuilder Singapore Technologies Marine (ST Marine), with seven counts of corruption under the Prevention of Corruption Act. 

On September 12, 2011, Singapore Technologies Engineering Ltd announced that the Corrupt Practices Investigation Bureau (CPIB) was investigating certain transactions involving former and current employees of ST Marine.

Apart from See, another three former high-ranking ST Marine’s employees are currently under CPIB’s investigation for suspected fraudulent transactions.

ST Marine does not expect the charges to have any material impact on the consolidated net tangible assets or consolidated earnings per share of the ST Engineering Group for the financial year ending December 31, 2014.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >