Former Keppel Shipyard exec faces corruption charges

SEPTEMBER 26, 2017 — Singapore media report that a former Keppel Shipyard senior procurement officer, Neo Kian Siong, was today charged with 395 offenses involving corruption and money laundering.

According to Channel News Asia, the charges include 78 counts of corruptly accepting money from several company directors and a sales engineer, as a reward for advancing their companies’ business interests with Keppel Shipyard. The alleged sum amounted to S$293,000. Another 270 counts involve conversion of around S$933,600 in criminal proceeds to numerous forms of assets. He also faces 47 counts of transferring approximately $119,800 to various bank accounts.

Channel News Asia quotes a Keppel spokesperson as saying that Neo had been charged with corruption, where “he allegedly provided confidential pricing information in exchange for bribes”.

She added that Neo had been dismissed from the company in early 2016.

“We have extended our full cooperation to the authorities, and are unable to comment further as court proceedings are ongoing,” she said, adding that all employees are to abide by a code of conduct which prohibits, among others, bribery and corruption.