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Ex-Sembmarine finance chief slapped with 39-month jail sentence
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Michelle Quah
Published Wed, Oct 29, 2014 · 09:50 PM
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Singapore
FORMER Sembcorp Marine group finance director Wee Sing Guan pleaded guilty on Wednesday to a host of fraud charges relating to currency bets he took years ago that cost the group US$303 million in losses.
He was sentenced to 39 months' jail. Wee, 65, pleaded guilty to nine charges of falsifying the foreign exchange trade valuation reports of Jurong Shipyard, Sembmarine's wholly owned unit, of which he was a director.
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