Han Yew Kwang former chief operating officer and senior vice president of shipbuilding, had pleaded guilty to giving bribes and making up false expense claims.
Han along with, Mok Kim Whang, former senior vice president and Tan Mong Seng, former president of commercial business had allegedly conspired to make more than SGD6.5m ($4.8m) in false entertainment expense entries in ST Marine’s petty cash voucher system.
Both Han and Mok have pleaded guilty while Tan is currently on trial.
Han is the first to be sentenced by the Singapore courts receiving a six month jail term and fined SGD80,000 having pleaded guilty to 50 charges in default of four months in jail.
“ST Engineering is committed to maintaining high standards of corporate governance and recognises that fraud is detrimental to the reputation of the ST Engineering Group,” said ST Marine’s parent.
“ST Engineering does not condone fraud, including corruption and bribery, and is fully committed to proactively mitigating the risk of its occurrence.”
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