Singapore charges two ex-Sembcorp Marine employees with bribing Brazilian officials almost US$44 million

Ex-CEO Wong Weng Sun. and ex-manager Lee Fook Kang face charges of conspiring to offer incentives to a middleman to aid Sembcorp Marine’s Brazilian branches

The total sum involved in the offences between 2009 and 2014 amounted to about US$44 million

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Authorities in Singapore charged two former officials of Sembcorp Marine with handing bribes to Brazilian officials. Photo: SCMPHarvey Kong

Published: 6:00pm, 28 Mar 2024

Authorities in Singapore said they charged two former officials of Sembcorp Marine on Thursday with handing bribes to Brazilian officials to advance the company’s interests in the South American nation.

Sembcorp Marine and Keppel Offshore and Marine merged in 2023 to form Seatrium, which is in talks to pay US$110 million in a deferred prosecution agreement regarding the bribery case in Brazil, they said in a statement.

Trade in Seatrium shares was suspended for the news. The stock has dropped 33 per cent this year, underperforming the benchmark stock index, which is relatively flat, LSEG data showed.

Former CEO Wong Weng Sun and ex-manager Lee Fook Kang face five charges of conspiring to offer incentives to a middleman to aid Sembcorp Marine’s Brazilian subsidiaries, according to the city state’s statement.

The total sum involved in the offences between 2009 and 2014 amounted to about US$44 million, the attorney general’s chambers and Singapore’s Corrupt Practices Investigation Bureau added in the statement.

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