Chitchat Corruption by Singapore's TLC

[ckmpd]

Singapore’s Keppel Corporation, which has constantly denied any allegations of involvement in the Petrobras corruption scandal, has now admitted that following internal investigations certain transactions associated with Zwi Skornicki from Eagle do Brasil, an agent of Keppel FELS in Brazil, may be suspicious.

Keppel Corp is a major TLC

Looks like PAP's clean image is just an image. Underneath the squeaky clean surface, it rots and smells

 

[ckmpd]

Keppel has previously denied paying any bribes in the notorious scheme whereby contractor firms made graft payments to get inflated contracts for business with Petrobras.

However in June a former Petrobras executive testified to Brazilian authorities that the agents for Keppel and another Singapore builder, Sembcorp Marine, forked out over $9.5m to Petrobras, its oil rig chartering unit Sete Brasil and Brazil’s Workers’ Party to procure 12 contracts to build drillships.

 

[ckmpd]

Keppel has notified authorities in the relevant jurisdictions of its intention to cooperate in connection with the transactions.

No choice now. Caught with its hand in the cookie jar, Kep Corp has to cooperate

 

[ckmpd]

Kep Corp has denied these corruption charges for a long time. Do Kep Corp Chairmen Lim Chee Onn and Lee Boon Yang really dont know abt the corruptions in KC?

They were PAP Ministers and shd be hauled up to answer these corruption charges under their watches

 

[Papsmearer]

Singapore’s Keppel Corporation, which has constantly denied any allegations of involvement in the Petrobras corruption scandal, has now admitted that following internal investigations certain transactions associated with Zwi Skornicki from Eagle do Brasil, an agent of Keppel FELS in Brazil, may be suspicious.

Keppel Corp is a major TLC

Looks like PAP's clean image is just an image. Underneath the squeaky clean surface, it rots and smells

What is a TLC? Tender Loving Care? TuaLumparCompany?

 

[flatearther]

What is a TLC? Tender Loving Care? TuaLumparCompany?

I suspect it stands for "Temasek-Linked Company".

 

[ckmpd]

What is a TLC? Tender Loving Care? TuaLumparCompany?

Temasek Linked Company, under Ho Ching's Temasek Holdings stable.

Are we to believe that Ho Ching didnt know that her companies, Kep Corp and Semb Marine paid bribes to get businesses?

Do we believe that S Dhanabalan and Lim Boon Heng didnt know abt the corruptions?

Do we believe that LHL didnt know abt such high level corruptions?

 

[ckmpd]

I suspect it stands for "Temasek-Linked Company".

Yes, under Temasek Holdings

 

[ckmpd]

I suspect it stands for "Temasek-Linked Company".

Kep Corp is down 14c now. But I believe this is a knee jerk reaction. The share price shd bounce back once this corruption revelation wears off.

 

[kezgtree]

Temasek Linked Company, under Ho Ching's Temasek Holdings stable.

Are we to believe that Ho Ching didnt know that her companies, Kep Corp and Semb Marine paid bribes to get businesses?

Do we believe that S Dhanabalan and Lim Boon Heng didnt know abt the corruptions?

Do we believe that LHL didnt know abt such high level corruptions?

...must be someone over brasil not happy with the distribution...so the issue pops out..maybe have been investigated
few years back...recently then have to announce....just like the smrt train thingy....i guessed

 

[ckmpd]

...must be someone over brasil not happy with the distribution...so the issue pops out..maybe have been investigated
few years back...recently then have to announce....just like the smrt train thingy....i guessed

Investigated a few years back but KC kept denying any wrong doing. Few of Sem Corp executives have been convicted and jailed. More from KC this time round. KC learns that it cant keep the dirt under the carpet forever. Now it is justice time

 

[syed putra]

Anyone in shipping knows keppel and sembcorp set aside between 2-5% as agent fee.

 

[ckmpd]

Anyone in shipping knows keppel and sembcorp set aside between 2-5% as agent fee.

is that considered corruption?

 

[mojito]

I suspect it stands for "Temasek-Linked Company".

Thankew Captain Obvious.

 

[dr.wailing]

Are we to believe that Ho Ching didnt know that her companies, Kep Corp and Semb Marine paid bribes to get businesses?

Yes, all Sinkies believe that Buy-High-Sell-Low doesn't know her companies are involved with corruption. She's a good excuse: she's out of the country most of the time, accompany Chief Natural Aristocrat a/k/a Prime Ministar on his official visits abroad.

Do we believe that S Dhanabalan and Lim Boon Heng didnt know abt the corruptions?

Sinkies will believe whatever their overlords tell them. If you don't believe what your Prime Ministar tells you, it's your problem.

Do we believe that LHL didnt know abt such high level corruptions?

He's a good excuse: he's out of the country most of the time. Right now he's on an official visit to India to sign more MOUs, including bringing more Ah Nehs to work in your country. I hope that he'll be able to find 5,000 Indian teachers to replace the Sinkies who left MOE last year.

 

[dr.wailing]

Anyone in shipping knows keppel and sembcorp set aside between 2-5% as agent fee.

A little bird from the West told me that when it comes to giving bribes in China, Sinkie TLCs don't put a cap on so-called "agent's fee".

That's why when Capitaland and CapitaMall want to increase their footprints in China, the provincial governments were so damn happy. Why? They know they'll be able to demand bribes from Sinkies.

Sinkie TLCs are known to be the most generous bribe-giver in China, in case you didn't know.

 

[dr.wailing]

TuaLumparCompany?

TuaLumparCompany is appropriate to describe Sinkie TLC.

If you've big balls, it means you're more willing to give out bribes, no?

 

[Papsmearer]

TuaLumparCompany is appropriate to describe Sinkie TLC.

If you've big balls, it means you're more willing to give out bribes, no?

I don't know what is the big fuss over corruption in the Temasek Link Companies. The corruption is already started at the very highest level of Stomacksick in the office of Whore Jinx. Imagine, a husband who is the Minister of Finance, appoints his wife (who has no credentials to run a funds and investment company) to the post of CEO of a Pte Ltd company called Temasek which is coincidentally 100% owned by the same Ministry of Finance that he heads. If this is not corruption, then I don't know what is. The subsidiaries are just following the examples of their head office.