Ex-ST Marine exec fined for falsifying papers
SINGAPORE Technologies (ST) Marine's former group financial controller was given the maximum fine of $210,000 yesterday for falsifying documents to cover up alleged corrupt payments amounting to more than $126,000.
Patrick Lee Swee Ching escaped a jail term as he had, among other things, cooperated during investigations and pleaded guilty early.
The prosecution sought a high fine for the 58-year-old, who has committed to testifying truthfully against his alleged co-conspirators should he be called upon to do so.
Lee admitted to seven of 38 charges of conspiring with others between 2004 and 2007 to make false entries in petty cash vouchers.
Investigations showed that officers of ST Marine, which runs two shipyards in Benoi and Tuas roads, approved and made corrupt payments to secure business by bribing the employees of its customers.
They were paid using ST Marine's funds disguised as "entertainment expenses''.