Sembcorp Marine lodges report with CAD following Brazil probe
It files suspicious transaction report; investigations involve former president of firm's Brazil unit
Singapore
SEMBCORP Marine said that it has lodged a report with the Commercial Affairs Department of the Singapore Police Force, after revealing last week that its yard in the south-eastern state of Brazil was raided and the facility's former president was involved in a corruption probe.
Present investigations involve Martin Cheah Kok Choon, the former president of SembMarine's Brazil unit, Estaleiro Jurong Aracruz (EJA), during the time when he was in the employment of the group.
TRENDING NOW
GCash parent Mynt rises in market debut after South-east Asia’s top 2026 IPO
In the age of AI, what is a university education for?
Singapore to use ‘every legal and regulatory lever’ against companies linked to haze: Shanmugam
‘IPOs are not the only vehicle’: KKR heads for record exits even as firms stay private for longer