The former Group Financial Controller and Senior Vice President (Finance) of Singapore-based ST Marine was sentenced to a fine of SGD 300,000, (around USD 217,000) in default 30 weeks’ imprisonment.
In relation to the criminal prosecution of former employees of ST Marine, Ong Teck Liam, who held the position from April 2007 to December 2012, pleaded guilty on February 19, 2016 to ten charges under section 477A of the Penal Code.
The latest development comes on the back of the Corrupt Practices Investigation Bureau’s (CPIB) probe into certain transactions involving former and current employees of ST Marine, launched in September 2011.
In early April 2017, the former President (Commercial Business) of ST Marine, Tan Mong Seng, was sentenced to 16 weeks’ imprisonment for one hundred and one charges under section 477A of the Penal Code.
He held the position from January 2000 before leaving in June 2002 as Chief Operating Officer/President (Commercial Business) of ST Marine.