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laksaboy

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DOJ charges 7 Chinese execs, 4 companies in alleged conspiracy that drove up cost of global shipping​

Over four years, the Justice Department alleges, the suspects doubled the cost of the containers, which increased the manufacturers' profits by 100-fold during the 2020 pandemic.
https://justthenews.com/nation/crim...panies-conspiracy-drove-costs-global-shipping


Superseding Indictment : U. S. v. China International Marine Containers (Group) Co., Ltd. et al.
https://www.justice.gov/atr/media/1441281/dl?inline

Defendant SIONG SENG TEO, also known as and S.S. TEO, was employed by SINGAMAS as Chief Executive Officer and Chairman. TEO is believed to be a resident of the Republic of Singapore.

Singamas shares plunge after US DOJ allegations against CEO Teo Siong Seng​

May 21, 2026
https://www.straitstimes.com/busine...us-doj-allegations-against-ceo-teo-siong-seng

cac5535bc27a3dfd0f288291851a71fa401713fad916ba01ae7c632471135826
 
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