Sembcorp Marine lodges report with CAD

[Carbon82]

I just can't link a marine co. with car wash business... ...

 

Sembcorp Marine lodges report with CAD following Brazil scandal

 

 

SEMBCORP Marine said that it has lodged a report with the Commercial Affairs Department of the Singapore Police Force, after revealing last week that its yard in the south-eastern state of Brazil was raided and the facility's former president was involved in a corruption probe.

 

Present investigations involve Martin Cheah Kok Choon, the former president of SembMarine's Brazil unit Estaleiro Jurong Aracruz (EJA), during the time when he was in the employment of the group.

 

In this light, SembMarine has "lodged a suspicious transaction report . . . with the Commercial Affairs Department of the Singapore Police Force", according to its exchange filing on Monday.

 

SembMarine said that Mr Cheah's employment with the group was terminated in June 2015.

 

Other than Mr Cheah, "the company is not aware that any director or management of the company is a subject of the current investigations being conducted by the Brazilian authorities", it said. 

 

 

SembMarine Brazil unit involved in Operation Car Wash probe over ex-consultant

 

SEMBCORP Marine (SembMarine) on Wednesday said it has cooperated fully with the Brazilian Federal Police after a search warrant was executed on Estaleiro Jurong Aracruz (EJA), its subsidiary in Brazil.

 

The search warrant was in connection with ongoing investigations related to Operation Car Wash in Brazil, the country’s biggest anti-graft crackdown which sent former president Luiz Inacio Lula da Silva to jail.

 

The offshore and marine firm understands the search relates to investigations against Guilherme Esteves de Jesus, a former consultant engaged by EJA in Brazil who has been arrested by the Brazilian Federal Police. He is facing ongoing criminal charges which have not been concluded.

 

Present investigations also involve Martin Cheah Kok Choon, EJA’s former president, the company added. 

 

SembMarine said it has a strict compliance programme and continuously works to ensure its policies and procedures are in place to prevent any violation of anti-corruption laws applicable to its operations.

 

"The company wishes to reiterate that the group is committed to the highest standards of compliance with anti-corruption laws and does not condone and will not tolerate any improper business conduct," it said.

 

The company added that it will continue to monitor developments in Brazil and other jurisdictions regarding the matter and will make appropriate announcements when there are any material developments.

 

[Kusje]

Any conclusion to the keppel corp criminal case?

[Evillusion]

A few yrs back keppel, now sembcorp.........and only the middle management will kana...

[Watwheels]

Here let me point out the obvious BS.

  Quote

 

"The company wishes to reiterate that the group is committed to the highest standards of compliance with anti-corruption laws and does not condone and will not tolerate any improper business conduct," it said.

 

Then what is this scandal about? Is it about lying then?

[mersaylee]

At fast glance I thought I saw cash wash business

[BanCoe]

If Martin Cheah was terminated in June 2015 the things must have been brewing way before 2015 and the raid ..... anyways it’s common thingy going on in the OnG n ship building yards biz

[Playtime]

Wait... if he no longer there, how to investigate??

 

Unless he downloaded every dam email and document, he will be hung out to dry.

[Neost]

marine industry 潜规则

 

The hard truth

[Kusje]

  On 7/9/2019 at 1:00 AM, Neost said:

marine industry 潜规则

 

The hard truth

 

Oh. I thought SG is very white and clean?

 

Still waiting for keppel top management to kanna leh. The whistleblower directly implicated choo chiau beng. How come no sound after that? No need to investigate and explain to the public?

 

3 years already leh. waiting for those responsible to die of old age?

[inlinesix]

It's Brazilian way to do business.

 

If you want squeaky clean, don't go!

[Kusje]

  On 7/9/2019 at 1:09 AM, Davidtch said:

It's Brazilian way to do business.

 

If you want squeaky clean, don't go!

 

Question is whether it is the Singaporean way or not.

[inlinesix]

  On 7/9/2019 at 1:20 AM, Kusje said:

Question is whether it is the Singaporean way or not.

 

What is Singapore way?

[Soya]

  On 7/9/2019 at 1:24 AM, Davidtch said:

What is Singapore way?

This?

[Kusje]

  On 7/9/2019 at 1:24 AM, Davidtch said:

What is Singapore way?

 

white and clean?

 

Apparently not.

[inlinesix]

  On 7/9/2019 at 3:50 AM, Kusje said:

white and clean?

 

Apparently not.

 

That is within Singapore.

 

What about Singapore corporate culture?