A commercial executive who worked for Sembcorp Marine has appeared at a court in Singapore, charged with corruption offences.
Balakrishnan Govindasamy, a 61-year-old Malaysian, stands accused of corruptly obtaining at least S$202,877 during a six-year period through to 2021 from nine contractors.
Govindasamy faces a fine of up to to S$100,000 or up to five years in jail or both if found guilty.
“Companies are strongly advised to put in place robust procedures in areas such as procurement and internal audit to prevent falling victim to corrupt acts by their employees,” stated a note from Singapore’s Corrupt Practices Investigation Bureau.
Last year Sembcorp Marine became Seatrium following a merger with Keppel Offshore & Marine.