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
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.