Singapore
MAINBOARD-LISTED conglomerate Sembcorp Industries is staring at S$54 million in fines and civil claims for its water-treatment joint venture in China's illegal discharge of wastewater. Eleven of the unit's executives, including its Singaporean general manager, have been jailed and individually fined.
Sembcorp Industries (SCI) issued a statement to the Singapore Exchange late on Friday to disclose that its joint-venture company was fined S$10 million in China last quarter.
Further, a civil...