CPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil

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CPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil

Felicia Tan2023-06-01

The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was ...

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抱望的平民
·2023-06-19
any potential impact?
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Norway Heng
·2023-06-01
😞
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Rookie22
·2023-06-01
Oh no .
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-01 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6505","symbol_name":"周期性消费品与消费者服务","start_time":0,"source_url":"https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2340418392","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2340418392","pubTimestamp":1685585715,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The company appointed a former CPF board member as additional director on the same day.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6505":"周期性消费品与消费者服务","BK6111":"工业集团企业","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK4585":"ETF&股票定投概念","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK4588":"碎股","SG9999001135.SGD":"United ASEAN Fund SGD","BK6523":"ESG概念","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK4211":"区域性银行","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD"},"translate_title":"CPIB对Seatrium涉嫌巴西腐败展开调查","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S51.SI":0.9},"content_text":"The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was formerly known as Sembcorp Marine (SembMarine). The name change was proposed in April after the completion of the merger between Keppel Offshore & Marine (Keppel O&M) and SembMarine.It is not known whether the offences are related to the corrupt payments made by Keppel O&M.According to queries made by CNA, CPIB said that it was unable to provide further details as investigations were still ongoing.In December 2022, Keppel O&M had reached a joint resolution with the Brazilian authorities by signing a leniency agreement and paid around US$65 million ($88.3 million) in relation to the long-running corruption case.The Keppel O&M employees involved in the case were let off with stern warnings by the Singapore government due to insufficient evidence. However, the government added that the case could be reopened should new evidence emerge.In March 2023, Brazil’s Comptroller General of the Union had commenced a “preliminary administrative liability proceeding” against SembMarine’s local unit, Estaleiro Jurong Aracruz Ltda (EJA), for alleged “irregularities”.New director appointedSeatrium has also announced the appointment of Sarjit Singh Gill as its independent director.Gill, who will step into the role with effect from June 1, will also be appointed as a member of the audit and risk committee upon his appointment as a director.Gill is a senior partner with Shook Lin & Bok and is a senior counsel of the Supreme Court of Singapore since 1998. He is also currently a board member of the Inland Revenue Authority of Singapore (IRAS) and the Urban Redevelopment Authority (URA).In addition, Gill is a non-executive director of Temasek subsidiary, Heliconia Capital Management.He was formerly a board member of the Central Provident Fund (CPF) from 2012 to 2018.Shares in Seatrium closed 0.3 cents higher or 2.5% up at 12.3 cents on May 31.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":188943537262864,"gmtCreate":1687154317994,"gmtModify":1687154321672,"author":{"id":"3585698175730816","authorId":"3585698175730816","name":"抱望的平民","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585698175730816","authorIdStr":"3585698175730816"},"htmlText":"any potential impact?","listText":"any potential impact?","text":"any potential impact?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188943537262864","repostId":2340418392,"repostType":2,"repost":{"id":"2340418392","kind":"highlight","pubTimestamp":1685585715,"share":"https://ttm.financial/m/news/2340418392?lang=&edition=fundamental","pubTime":"2023-06-01 10:15","market":"sg","language":"en","title":"CPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil","url":"https://stock-news.laohu8.com/highlight/detail?id=2340418392","media":"Felicia Tan","summary":"The company appointed a former CPF board member as additional director on the same day.","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3b97731db2b018ae11cfc804d8207f2\" tg-width=\"1196\" tg-height=\"669\"/></p><p>The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium <code>S51</code> after receiving information on the latter&#39;s alleged corruption offences in Brazil.</p><p>Seatrium was formerly known as Sembcorp Marine (SembMarine). The name change was proposed in April after the completion of the merger between Keppel Offshore &amp; Marine (Keppel O&amp;M) and SembMarine.</p><p>It is not known whether the offences are related to the corrupt payments made by Keppel O&amp;M.</p><p>According to queries made by CNA, CPIB said that it was unable to provide further details as investigations were still ongoing.</p><p>In December 2022, Keppel O&amp;M had reached a joint resolution with the Brazilian authorities by signing a leniency agreement and paid around US$65 million ($88.3 million) in relation to the long-running corruption case.</p><p>The Keppel O&amp;M employees involved in the case were let off with stern warnings by the Singapore government due to insufficient evidence. However, the government added that the case could be reopened should new evidence emerge.</p><p>In March 2023, Brazil’s Comptroller General of the Union had commenced a “preliminary administrative liability proceeding” against SembMarine’s local unit, Estaleiro Jurong Aracruz Ltda (EJA), for alleged “irregularities”.</p><p><strong>New director appointed</strong></p><p>Seatrium has also announced the appointment of Sarjit Singh Gill as its independent director.</p><p>Gill, who will step into the role with effect from June 1, will also be appointed as a member of the audit and risk committee upon his appointment as a director.</p><p>Gill is a senior partner with Shook Lin &amp; Bok and is a senior counsel of the Supreme Court of Singapore since 1998. He is also currently a board member of the Inland Revenue Authority of Singapore (IRAS) and the Urban Redevelopment Authority (URA).</p><p>In addition, Gill is a non-executive director of Temasek subsidiary, Heliconia Capital Management.</p><p>He was formerly a board member of the Central Provident Fund (CPF) from 2012 to 2018.</p><p>Shares in Seatrium closed 0.3 cents higher or 2.5% up at 12.3 cents on May 31.</p></body></html>","source":"edge_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-01 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK4211":"区域性银行","BK4585":"ETF&股票定投概念","BK6523":"ESG概念","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK4588":"碎股","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","BK6505":"周期性消费品与消费者服务","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","BK6111":"工业集团企业"},"source_url":"https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2340418392","content_text":"The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was formerly known as Sembcorp Marine (SembMarine). The name change was proposed in April after the completion of the merger between Keppel Offshore & Marine (Keppel O&M) and SembMarine.It is not known whether the offences are related to the corrupt payments made by Keppel O&M.According to queries made by CNA, CPIB said that it was unable to provide further details as investigations were still ongoing.In December 2022, Keppel O&M had reached a joint resolution with the Brazilian authorities by signing a leniency agreement and paid around US$65 million ($88.3 million) in relation to the long-running corruption case.The Keppel O&M employees involved in the case were let off with stern warnings by the Singapore government due to insufficient evidence. However, the government added that the case could be reopened should new evidence emerge.In March 2023, Brazil’s Comptroller General of the Union had commenced a “preliminary administrative liability proceeding” against SembMarine’s local unit, Estaleiro Jurong Aracruz Ltda (EJA), for alleged “irregularities”.New director appointedSeatrium has also announced the appointment of Sarjit Singh Gill as its independent director.Gill, who will step into the role with effect from June 1, will also be appointed as a member of the audit and risk committee upon his appointment as a director.Gill is a senior partner with Shook Lin & Bok and is a senior counsel of the Supreme Court of Singapore since 1998. He is also currently a board member of the Inland Revenue Authority of Singapore (IRAS) and the Urban Redevelopment Authority (URA).In addition, Gill is a non-executive director of Temasek subsidiary, Heliconia Capital Management.He was formerly a board member of the Central Provident Fund (CPF) from 2012 to 2018.Shares in Seatrium closed 0.3 cents higher or 2.5% up at 12.3 cents on May 31.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182682729570352,"gmtCreate":1685609347962,"gmtModify":1685609352501,"author":{"id":"3566203796333803","authorId":"3566203796333803","name":"Norway Heng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3566203796333803","authorIdStr":"3566203796333803"},"htmlText":"😞&nbsp;","listText":"😞&nbsp;","text":"😞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182682729570352","repostId":2340418392,"repostType":2,"repost":{"id":"2340418392","kind":"highlight","pubTimestamp":1685585715,"share":"https://ttm.financial/m/news/2340418392?lang=&edition=fundamental","pubTime":"2023-06-01 10:15","market":"sg","language":"en","title":"CPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil","url":"https://stock-news.laohu8.com/highlight/detail?id=2340418392","media":"Felicia Tan","summary":"The company appointed a former CPF board member as additional director on the same day.","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3b97731db2b018ae11cfc804d8207f2\" tg-width=\"1196\" tg-height=\"669\"/></p><p>The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium <code>S51</code> after receiving information on the latter&#39;s alleged corruption offences in Brazil.</p><p>Seatrium was formerly known as Sembcorp Marine (SembMarine). The name change was proposed in April after the completion of the merger between Keppel Offshore &amp; Marine (Keppel O&amp;M) and SembMarine.</p><p>It is not known whether the offences are related to the corrupt payments made by Keppel O&amp;M.</p><p>According to queries made by CNA, CPIB said that it was unable to provide further details as investigations were still ongoing.</p><p>In December 2022, Keppel O&amp;M had reached a joint resolution with the Brazilian authorities by signing a leniency agreement and paid around US$65 million ($88.3 million) in relation to the long-running corruption case.</p><p>The Keppel O&amp;M employees involved in the case were let off with stern warnings by the Singapore government due to insufficient evidence. However, the government added that the case could be reopened should new evidence emerge.</p><p>In March 2023, Brazil’s Comptroller General of the Union had commenced a “preliminary administrative liability proceeding” against SembMarine’s local unit, Estaleiro Jurong Aracruz Ltda (EJA), for alleged “irregularities”.</p><p><strong>New director appointed</strong></p><p>Seatrium has also announced the appointment of Sarjit Singh Gill as its independent director.</p><p>Gill, who will step into the role with effect from June 1, will also be appointed as a member of the audit and risk committee upon his appointment as a director.</p><p>Gill is a senior partner with Shook Lin &amp; Bok and is a senior counsel of the Supreme Court of Singapore since 1998. He is also currently a board member of the Inland Revenue Authority of Singapore (IRAS) and the Urban Redevelopment Authority (URA).</p><p>In addition, Gill is a non-executive director of Temasek subsidiary, Heliconia Capital Management.</p><p>He was formerly a board member of the Central Provident Fund (CPF) from 2012 to 2018.</p><p>Shares in Seatrium closed 0.3 cents higher or 2.5% up at 12.3 cents on May 31.</p></body></html>","source":"edge_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-01 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK4211":"区域性银行","BK4585":"ETF&股票定投概念","BK6523":"ESG概念","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK4588":"碎股","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","BK6505":"周期性消费品与消费者服务","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","BK6111":"工业集团企业"},"source_url":"https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2340418392","content_text":"The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was formerly known as Sembcorp Marine (SembMarine). The name change was proposed in April after the completion of the merger between Keppel Offshore & Marine (Keppel O&M) and SembMarine.It is not known whether the offences are related to the corrupt payments made by Keppel O&M.According to queries made by CNA, CPIB said that it was unable to provide further details as investigations were still ongoing.In December 2022, Keppel O&M had reached a joint resolution with the Brazilian authorities by signing a leniency agreement and paid around US$65 million ($88.3 million) in relation to the long-running corruption case.The Keppel O&M employees involved in the case were let off with stern warnings by the Singapore government due to insufficient evidence. However, the government added that the case could be reopened should new evidence emerge.In March 2023, Brazil’s Comptroller General of the Union had commenced a “preliminary administrative liability proceeding” against SembMarine’s local unit, Estaleiro Jurong Aracruz Ltda (EJA), for alleged “irregularities”.New director appointedSeatrium has also announced the appointment of Sarjit Singh Gill as its independent director.Gill, who will step into the role with effect from June 1, will also be appointed as a member of the audit and risk committee upon his appointment as a director.Gill is a senior partner with Shook Lin & Bok and is a senior counsel of the Supreme Court of Singapore since 1998. He is also currently a board member of the Inland Revenue Authority of Singapore (IRAS) and the Urban Redevelopment Authority (URA).In addition, Gill is a non-executive director of Temasek subsidiary, Heliconia Capital Management.He was formerly a board member of the Central Provident Fund (CPF) from 2012 to 2018.Shares in Seatrium closed 0.3 cents higher or 2.5% up at 12.3 cents on May 31.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182591653810328,"gmtCreate":1685587347385,"gmtModify":1685587351816,"author":{"id":"3575290973507485","authorId":"3575290973507485","name":"Rookie22","avatar":"https://static.tigerbbs.com/c6852efd5f87d9ecf7965e213c38ac97","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3575290973507485","authorIdStr":"3575290973507485"},"htmlText":"Oh no .","listText":"Oh no .","text":"Oh no .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182591653810328","repostId":2340418392,"repostType":2,"repost":{"id":"2340418392","kind":"highlight","pubTimestamp":1685585715,"share":"https://ttm.financial/m/news/2340418392?lang=&edition=fundamental","pubTime":"2023-06-01 10:15","market":"sg","language":"en","title":"CPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil","url":"https://stock-news.laohu8.com/highlight/detail?id=2340418392","media":"Felicia Tan","summary":"The company appointed a former CPF board member as additional director on the same day.","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3b97731db2b018ae11cfc804d8207f2\" tg-width=\"1196\" tg-height=\"669\"/></p><p>The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium <code>S51</code> after receiving information on the latter&#39;s alleged corruption offences in Brazil.</p><p>Seatrium was formerly known as Sembcorp Marine (SembMarine). The name change was proposed in April after the completion of the merger between Keppel Offshore &amp; Marine (Keppel O&amp;M) and SembMarine.</p><p>It is not known whether the offences are related to the corrupt payments made by Keppel O&amp;M.</p><p>According to queries made by CNA, CPIB said that it was unable to provide further details as investigations were still ongoing.</p><p>In December 2022, Keppel O&amp;M had reached a joint resolution with the Brazilian authorities by signing a leniency agreement and paid around US$65 million ($88.3 million) in relation to the long-running corruption case.</p><p>The Keppel O&amp;M employees involved in the case were let off with stern warnings by the Singapore government due to insufficient evidence. However, the government added that the case could be reopened should new evidence emerge.</p><p>In March 2023, Brazil’s Comptroller General of the Union had commenced a “preliminary administrative liability proceeding” against SembMarine’s local unit, Estaleiro Jurong Aracruz Ltda (EJA), for alleged “irregularities”.</p><p><strong>New director appointed</strong></p><p>Seatrium has also announced the appointment of Sarjit Singh Gill as its independent director.</p><p>Gill, who will step into the role with effect from June 1, will also be appointed as a member of the audit and risk committee upon his appointment as a director.</p><p>Gill is a senior partner with Shook Lin &amp; Bok and is a senior counsel of the Supreme Court of Singapore since 1998. He is also currently a board member of the Inland Revenue Authority of Singapore (IRAS) and the Urban Redevelopment Authority (URA).</p><p>In addition, Gill is a non-executive director of Temasek subsidiary, Heliconia Capital Management.</p><p>He was formerly a board member of the Central Provident Fund (CPF) from 2012 to 2018.</p><p>Shares in Seatrium closed 0.3 cents higher or 2.5% up at 12.3 cents on May 31.</p></body></html>","source":"edge_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCPIB Launches Investigation Into Seatrium for Alleged Corruption in Brazil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-01 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK4211":"区域性银行","BK4585":"ETF&股票定投概念","BK6523":"ESG概念","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK4588":"碎股","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","BK6505":"周期性消费品与消费者服务","SG9999001127.SGD":"United Singapore Growth Fund SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","BK6111":"工业集团企业"},"source_url":"https://www.theedgesingapore.com/news/offshore-marine/cpib-launches-investigation-seatrium-alleged-corruption-brazil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2340418392","content_text":"The Corrupt Practices Investigation Bureau (CPIB) has launched an investigation into Seatrium S51 after receiving information on the latter's alleged corruption offences in Brazil.Seatrium was formerly known as Sembcorp Marine (SembMarine). The name change was proposed in April after the completion of the merger between Keppel Offshore & Marine (Keppel O&M) and SembMarine.It is not known whether the offences are related to the corrupt payments made by Keppel O&M.According to queries made by CNA, CPIB said that it was unable to provide further details as investigations were still ongoing.In December 2022, Keppel O&M had reached a joint resolution with the Brazilian authorities by signing a leniency agreement and paid around US$65 million ($88.3 million) in relation to the long-running corruption case.The Keppel O&M employees involved in the case were let off with stern warnings by the Singapore government due to insufficient evidence. However, the government added that the case could be reopened should new evidence emerge.In March 2023, Brazil’s Comptroller General of the Union had commenced a “preliminary administrative liability proceeding” against SembMarine’s local unit, Estaleiro Jurong Aracruz Ltda (EJA), for alleged “irregularities”.New director appointedSeatrium has also announced the appointment of Sarjit Singh Gill as its independent director.Gill, who will step into the role with effect from June 1, will also be appointed as a member of the audit and risk committee upon his appointment as a director.Gill is a senior partner with Shook Lin & Bok and is a senior counsel of the Supreme Court of Singapore since 1998. He is also currently a board member of the Inland Revenue Authority of Singapore (IRAS) and the Urban Redevelopment Authority (URA).In addition, Gill is a non-executive director of Temasek subsidiary, Heliconia Capital Management.He was formerly a board member of the Central Provident Fund (CPF) from 2012 to 2018.Shares in Seatrium closed 0.3 cents higher or 2.5% up at 12.3 cents on May 31.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":4,"commentSize":3,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}