Jun 3, 2011
Ex-mining boss charged with corruption, falsifying invoices
By Khushwant Singh
Willy Teo See Khiang, 58, was also charged with 127 counts of abetting an employee to falsify invoices from a supplier for the purpose of cheating his firm of US$1.5 million (S$1.8 million). -- ST PHOTO: WONG KWAI CHOW
A FORMER managing director of a mining firm has been charged with allegedly accepting gratification so as to favour certain suppliers.
Willy Teo See Khiang, 58, was also charged with 127 counts of abetting an employee to falsify invoices from a supplier for the purpose of cheating his firm of US$1.5 million (S$1.8 million).
According to the charges read to him in a district court on Friday the offences were allegedly committed over a 10-year period when Teo was managing Phosphate Resources.
He is said to have accepted the bribe from Tan Tuck Soo, 64, then a director of Assets Shipowners and Managers sometime before July 1999.
In return, Teo is believed to have ensured that Phosphate Resources would charter vessels from Tan's firm and related companies.
Between 1999 and 2009, Teo is said to have also abetted a shipping logistics manager at his firm to alter 127 invoices billed to the company for sums ranging from US$4,000 and US$24,000 for the purposes of cheating. Tan was also charged on Friday.
