Singapore Charges Ex-Sembcorp Marine CEO in Brazil Bribery Case [BNN Bloomberg (Canada)]
SEMBCORP MARINE UNSP/ADR (SMBMY)
Company Research
Source: BNN Bloomberg
The company, now renamed as Seatrium Ltd., is also in discussions with Singapore prosecutors for a deferred prosecution agreement which will see it pay a penalty of $110 million. Wong Weng Sun, 62, faces five counts of conspiring to corruptly give gratification through a Brazilian middleman, according to charges in a Singapore state court on Thursday. His bail was set at S$210,000 ($155,900). No lawyer was listed for Wong in the court documents. A former executive of a Sembcorp Marine unit was also charged with similar graft offenses. Sembcorp Marine and Keppel Offshore & Marine merged in 2023 to form Seatrium. ©2024 Bloomberg L.P.
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