Hefty fine and jail time for ex-ST Marine CEO

Another executive has been convicted in one of Singapore’s most controversial graft scandals

Hefty fine and jail time for ex-ST Marine CEO
In what is being called as ‘one of the largest graft scandals in corporate Singapore history’, 66-year-old See Leong Teck, a former ST Marine chief executive officer and president, was recently sentenced to 10 months in jail and a $100,000 fine.

This makes him the fifth of seven executives from ST Marine to be convicted of graft and corruption by Singaporean courts.

See pleaded guilty to “one charge of corruption, falsification of accounts, and failure to act honestly and use reasonable diligence in the discharge of his duty as the director of the company,” according to The Straits Times.

He headed the shipbuilding firm for nearly 10 years and investigators claimed that almost $25 million in kickbacks was paid as part of his tenure from 2000 to 2008, though the practice of giving cash bribes to their customer’s employees had been around since 1996.

See is expected to begin his jail term on 31 January.

“Everyone in a company has a role to play in tackling corruption, in particular the HR department since it handles the management of people within organisations,” a spokesman for the Corrupt Practices Investigation Bureau once told HRD.

HR can put various systems in place such as designated reporting procedures or training initiatives for the employees, they said.

Employees should be able to report corruption in the workplace anonymously, they added.

Alternatively, HR can also introduce job-rotations or block-leave initiatives in order to minimise temptation in a corruption-prone department such as finance or procurement.

Related stories:

MD fined $60k for receiving kickbacks 

NKF chief sacked for ‘personal indiscretion’

Airport manager convicted of embezzling $477k

Free newsletter

Our daily newsletter is FREE and keeps you up-to-date with the world of HR. Please complete the form below and click on subscribe for daily newsletters from HRD Asia.

Recent articles & video

Staff punished for skipping work to watch Avengers

SMRT appoints new CHRO

How to put the ‘H’ back in ‘HR’

YouTube star pretends to be Walmart CEO – makes staff cry

Most Read Articles

Staff punished for skipping work to watch Avengers

How to fight loneliness in the workplace

How to put the ‘H’ back in ‘HR’