Former Keppel Shipyard official charged with corruption

Former Keppel Shipyard official charged with corruption

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.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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