News - Announcement of Criminal Proceedings Against Former Employee of ST Marine

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Announcement of Criminal Proceedings Against Former Employee of ST Marine

Singapore, 5 June 2017 - On  12 September 2011,  Singapore Technologies Engineering Ltd (“ST Engineering”) announced  that  the Corrupt Practices Investigation  Bureau (“CPIB”)  was  investigating  certain  transactions involving  former and current employees  of  Singapore Technologies  Marine Ltd (“ST Marine”).  ST Marine has been  extending its fullest cooperation to the CPIB in its investigation since 2011. 

We  also refer to our announcements on 11 December 2014,  30 December 2014,  10 June  2015, 1 July 2015, 13 January 2016,  30 August 2016,  27 September 2016,  2 December 2016, 5 January 2017 and 6 April 2017 in  relation to the criminal prosecution of former employees of ST Marine.

We  wish to announce that on 5  June 2017,  Ong  Teck  Liam (“Ong”),  the former Group Financial Controller and Senior Vice President (Finance) of ST Marine  from April  2007  to  December 2012, was sentenced  to  a fine   of   S$300,000,  in default  30 weeks’ imprisonment.  Ong pleaded guilty on 19 February 2016  to ten (10) charges under section 477A of the Penal Code.

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. ST Engineering does not condone fraud, including corruption and bribery, and is fully committed to proactively mitigating the risk of its occurrence.

ST Engineering (Singapore Technologies Engineering Ltd) is an integrated defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. It has global presence with offices in Asia, the Americas, Europe and the Middle East and employs about 22,000 employees. Across the globe, its employees bring innovation and technology together to create smart engineering solutions for its customers in the defence, government and commercial segments.  Headquartered in Singapore,  ST Engineering reported revenue of S$6.68b in FY2016 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore and the SGX Sustainability Leaders Index. Please visit www.stengg.com for more information.

Media contact:                       

Lina Poa
Head, Corporate Communications and Investor Relations
ST Engineering
Tel: (65) 6722 1818
Email: linapoa@stengg.com

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