Former executive chairman of AEM-Evertech Holding pleads guilty

[Ultŕaman]

Former executive chairman pleads guilty to corruption
By Alice Chia | Posted: 08 August 2012 2117 hrs

SINGAPORE: The former executive chairman of locally-listed AEM-Evertech Holdings Limited (AEM-Evertech) has pleaded guilty to four charges of corruption on Wednesday.

Tok Kian You, 51, admitted to giving bribes of S$106,484.29 to Siow Sing Heng, a manager in STS Shenzhen, in 2004.

The money was a reward for Siow for recommending that more business be awarded to AEM-Evertech.

AEM-Evertech is in the business of designing and manufacturing equipment, precision engineering products and chemicals.

In mitigation, Tok's lawyer, Mr Edmond Pereira, said that it was a "sheer stupid act" on Tok's part in consenting to agree to give the bribes.

Mr Pereira added that the quality of the equipment provided by AEM-Evertech was not compromised.

The Deputy Public Prosecutor said that greater harm could be generated by the act and a culture of corruption may be established if such doings are not checked.

The maximum penalty for corruption is a S$100,000 fine and five years' jail on each charge.

Tok will be sentenced on August 15.

- CNA/wm

 

[Pervert]

So where is the STS Shenzhen manager now? He going to be charged for taking bribes too?

 

[Ultŕaman]

Former executive chairman jailed, fined for corruption
By Alice Chia | Posted: 15 August 2012 1844 hrs

SINGAPORE: The former executive chairman of locally-listed company, AEM-Evertech Holdings Limited (AEM-Evertech), was sentenced on Wednesday to 12 weeks' jail and a fine of S$60,000 for corruption.

Tok Kian Yu, 51, had pleaded guilty to four charges of corruption on August 8.

He admitted to giving bribes of over S$106,000 to Siow Sing Heng, a manager in STS Shenzhen, from August to November 2004.

The money was a reward for Siow for recommending that more business be awarded to AEM-Evertech.

The court took into consideration three other corruption charges involving bribes amounting to over S$58,000 for the purposes of sentencing.

This included S$50,000 paid to Tan Gek Chuan, in return for awarding the purchase of four inspection machines to AEM-Evertech.

Tan was then the operations director of Infineon Technologies, Malacca.

AEM-Evertech is in the business of designing and manufacturing equipment, precision engineering products and chemicals.

Tok will be appealing against the sentence.

The maximum penalty for corruption is a S$100,000 fine and five years' jail on each charge.

- CNA/cc

 

[hokkien]

So where is the STS Shenzhen manager now? He going to be charged for taking bribes too?

Bro no further reports means cover liao