A former senior procurement officer at Keppel Shipyard was brought to court yesterday over 395 charges involving corruption and money laundering.
61-year old Neo Kian Siong was charged with 78 counts of corruption for accepting bribes amounting to S$293,000 ($216,310) from a number of company directors and a sales eexecutive in exchange for advancing the companies’ business interests with Keppel Shipyard including providing confidential pricing information.
Neo, who was dismissed from Keppel Shipyard in early 2016, was also charged with 270 counts involving converting about S$933,600 in criminal proceeds into various assets. He also faces 47 counts of transferring approximately $119,800 to numerous bank accounts illegally.
The next hearing of the case is scheduled on November 7.
