Legal

CPIB charges former Fratelli Cosulich employee and contractor with corruption

Former Technical Manager was slapped with a total five charges including three counts of unlawfully receiving SGD 59,750 to advance a contractors’ business interest.

Published

6 years ago

September 7, 2020

Admin

Singapore Corrupt Practices Investigation Bureau (CPIB) on Friday (4 September) said two individuals have been charged in court for allegedly committing corruption related offences in order to advance contractors’ business interest sometime between 2017 and 2019.

Wan Wei Hong (温伟雄), a 45-year-old male Singapore Citizen, and a former Technical Manager of Fratelli Cosulich Bunkers (FCB) was slapped with a total five charges beginning with three counts of unlawfully obtaining gratification amounting to SGD 59,750 from Ng Sen Beng, the Director of Osis Service Singapore Pte Ltd (Osis).

Osis was a contractor of FCB at the time and the transaction was made as an inducement to advance the business interests of Osis with FCB.

These charges are for offences punishable under Section 6(a) of the Prevention of Corruption Act, Chapter 241, which are amalgamated charges pursuant to Section 124(4) of the Criminal Procedure Code, Chapter 68, said the CPIB.

Wan is also charged with one count of unscrupulously obtaining gratification amounting to SGD 5,000 from Aung Kyaw Oo, Director of Techways Technical Services & Supply Pte Ltd, another contractor of FCB at the material time.

Similarly, the transaction was performed as an inducement to advance the business interests of Techways with FCB.

Finally, Wan is also charged with one count of corruptly obtaining gratification, amounting to SGD 600, from Ang Kian Siong, the Director of Aquatronics International Pte Ltd also a contractor of FCB at the material time, as an inducement to advance the business interests of Aquatronics with FCB.

The second individual to be charged is Ng Sen Beng (黄献明), a 43-year-old male Singapore Citizen, and the Director of Osis at that time.

Ng was charged on three counts of corruptly giving Wan Wei Hong gratification, amounting to SGD 59,750, as an inducement for Wan to advance the business interests of Osis with FCB.

“Singapore adopts a strict zero-tolerance approach towards corruption. Any person who is convicted of a corruption offence can be fined up to SGD 100,000 or sentenced to imprisonment of up to 5 years or to both,” said the CPIB in its statement.

Photo credit: Bill Oxford
Published: 7 September, 2020

Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

Published

23 hours ago

July 21, 2026

Admin

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July).

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions.

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Photo credit: Sora Shimazaki
Published: 21 July, 2026

Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

Published

23 hours ago

July 21, 2026

Admin

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Photo credit: Drew Beamer
Published: 21 July, 2026

Winding up

Singapore: Liquidator of Nan Shan Maritime Pte Ltd issues notice of dividend

Third interim dividend to admitted unsecured claims of Nan Shan Maritime is payable from 15 July, according to Government Gazette notice.

Published

6 days ago

July 16, 2026

Admin

A notice of dividend for Nan Shan Maritime Pte Ltd, which is currently in creditors’ voluntary liquidation, was published on the Government Gazette on Wednesday (15 July).

The following are the details of the notice:

Name of Company : Nan Shan Maritime (Pte.) Ltd.(In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 201701967H
Address of Registered Office : 10 Anson Road, #10-10, International Plaza, Singapore 079903
Amount per centum : 5.00 Per Centum of all admitted unsecured, claims
First and Final or Otherwise : Third Interim
When Payable : 15 July 2026
Where Payable : Entitlements will be made by way of cheque.

Photo credit: Drew Beamer
Published: 16 July, 2026