Victor68 Turbocharged December 27, 2017 Share December 27, 2017 I think it is about legalize what you offer if I may use this term. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
kdash Supersonic December 27, 2017 Author Share December 27, 2017 NUS Prof opinion article on KOM case. he says no more than a small dent to SG reputation... https://www.todayonline.com/singapore/keppel-om-corruption-case-black-eye-singapore-inc Link to post Share on other sites More sharing options...
DACH Supersonic December 27, 2017 Share December 27, 2017 NUS Prof opinion article on KOM case. he says no more than a small dent to SG reputation... https://www.todayonline.com/singapore/keppel-om-corruption-case-black-eye-singapore-inc Probably too optimistic on the view of this corruption case, especially this article can only see things in the internal perspective since it is from the local media. Other countries probably see things differently. The old government is probably cleaner than the current one since they do not have to pay themselves obscenely just to keep things going. Link to post Share on other sites More sharing options...
Victor68 Turbocharged December 28, 2017 Share December 28, 2017 it may be a sweeping statement but you can never be rich overnight following rules. so if we rreally scrutinize all that have made it within 1 generation, wonder what can find under those carpets. haha Link to post Share on other sites More sharing options...
Chongster 6th Gear December 28, 2017 Share December 28, 2017 how did this bribery come to light though, i was reading the few reports but not clear who pao toh who. is it a case of didn't bribe high enough? want to bribe also must bribe well, is it a case of incompetent bribing? Link to post Share on other sites More sharing options...
Kusje Supersonic December 28, 2017 Share December 28, 2017 how did this bribery come to light though, i was reading the few reports but not clear who pao toh who. is it a case of didn't bribe high enough? want to bribe also must bribe well, is it a case of incompetent bribing? It's part of a being corruption scandal being undercovered in Brazil (Google car wash). Allegations reaching as far as their ex ex president, ex president and maybe even the current president. Link to post Share on other sites More sharing options...
AgentG 3rd Gear December 28, 2017 Share December 28, 2017 (edited) BOSTON (REUTERS) - A former lawyer at Keppel Corp's oil rig building business secretly pleaded guilty and cooperated with US authorities before the Singapore-based company agreed to pay US$422 million (S$566 million) to settle charges that it bribed Brazilian officials, according to court documents. Jeffery Chow, a former senior member of Keppel Offshore & Marine's legal department, cut a deal to help prosecutors in their probe of Keppel and other former executives, according to the documents unsealed on Tuesday (Dec 26) in federal court in Brooklyn. Chow, 59, pleaded guilty on Aug 29 to conspiring to violate the Foreign Corrupt Practices Act as part of his deal to cooperate. He admitted to drafting contracts that were used to make bribe payments, according to court records. Read more at http://www.straitstimes.com/business/companies-markets/ex-keppel-lawyer-cooperated-with-us-in-bribery-probe-documents?login=true Edited December 28, 2017 by AgentG Link to post Share on other sites More sharing options...
Kusje Supersonic December 28, 2017 Share December 28, 2017 Smart guy. Why take the blame for the company? Company will just throw you under the bus later on. Link to post Share on other sites More sharing options...
Wt_know Supersonic December 28, 2017 Share December 28, 2017 (edited) AGC and CPIB no action on KOM (person in-charge) or Keppel (senior staff) and simply give a "conditional warning"? conditional warning means if prove "wrongdoing" they will pursue? Edited December 28, 2017 by Wt_know Link to post Share on other sites More sharing options...
Mcf777 Turbocharged December 28, 2017 Share December 28, 2017 scapegoat...Jeffery Chow Please dont blame our mini-star. They are all high grass people. Link to post Share on other sites More sharing options...
Kusje Supersonic December 28, 2017 Share December 28, 2017 AGC and CPIB no action on KOM (person in-charge) or Keppel (senior staff) and simply give a "conditional warning"? conditional warning means if prove "wrongdoing" they will pursue? Conditional warning is for the company I reckon. Haven't say how the individuals are going to Kanna. The agent specifically said choo chiau beng (amongst others) was involved and incidentally, he just resigned as m1 chairman. Link to post Share on other sites More sharing options...
Kusje Supersonic December 28, 2017 Share December 28, 2017 scapegoat...Jeffery Chow Please dont blame our mini-star. They are all high grass people. From the current news, it doesn't seem like this guy is the scapegoat leh. He's the inside guy who spilled the beans to USA. Being a us citizen, he can probably get away with whatever plea agreement they give him and avoid coming back to us for punishment. Other fellows probably got no where to hide. Link to post Share on other sites More sharing options...
Karoon Turbocharged December 28, 2017 Share December 28, 2017 it may be a sweeping statement but you can never be rich overnight following rules. so if we rreally scrutinize all that have made it within 1 generation, wonder what can find under those carpets. haha hmm... i guess the old birds here know there are 2 different business worlds... the glossy corporate brochure world and the real world 2 Link to post Share on other sites More sharing options...
Enye Hypersonic December 28, 2017 Share December 28, 2017 (edited) non existent compliance department in the company.... even company lawyers help to draw up contracts for the bribery payments gonna be embarrassing if this case is brought up as a recent example for our company's future compliance trainings Edited December 28, 2017 by Enye Link to post Share on other sites More sharing options...
Kusje Supersonic December 28, 2017 Share December 28, 2017 non existent compliance department in the company.... even company lawyers help to draw up contracts for the bribery payments gonna be embarrassing if this case is brought up as a recent example for our company's future compliance trainings sifu. your company is very good. storeman also get to attend simi compliance training. please let me know if you need asst storeman. Link to post Share on other sites More sharing options...
Voodooman Supersonic December 28, 2017 Share December 28, 2017 non existent compliance department in the company.... even company lawyers help to draw up contracts for the bribery payments gonna be embarrassing if this case is brought up as a recent example for our company's future compliance trainings Yes. What is done may be modus operandi in a country like Brazil but the damage it has done to our squeaky clean reputation is Irreparable given this is a Temasek Co. Will there be an episode 2 for damage control? Link to post Share on other sites More sharing options...
Kusje Supersonic December 28, 2017 Share December 28, 2017 Yes. What is done may be modus operandi in a country like Brazil but the damage it has done to our squeaky clean reputation is Irreparable given this is a Temasek Co. Will there be an episode 2 for damage control? What squeaky clean reputation? Those in the know around here already said such things are common and not just in Brazil but in sg as well Link to post Share on other sites More sharing options...
Enye Hypersonic December 28, 2017 Share December 28, 2017 What squeaky clean reputation? Those in the know around here already said such things are common and not just in Brazil but in sg as wellmany amdks esp those who are not based in sg are not in the know but a big case like this.... habis liao ↡ Advertisement Link to post Share on other sites More sharing options...
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