AGC Acquittals in Brazil Corruption Case Linked to Jurong Shipyard Business
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What happened
AGC announced acquittals in a corruption case concerning alleged business in Brazil. Wong Weng Sun, former Sembcorp Marine president and CEO, and Lee Fook Kang, former Jurong Shipyard senior general manager, were acquitted of all charges. The charges related to alleged corruption linked to Sembcorp Marine’s Brazil business. The acquittals came after prosecutors issued stern warnings instead of prosecution.
From businesstimes.com.sg
Why it matters
The acquittals conclude the charges against the two individuals regarding the alleged bribery arrangements in Brazil. The outcome follows a review that factored in the dismissal of criminal proceedings against the Brazilian agent at the center of the matter.
From businesstimes.com.sg
Who's involved
- AGCJapanese manufacturing company involved in the international business case.
- Jurong ShipyardCompany whose senior general manager was involved in the corruption allegations.
- LeeFormer Sembcorp Marine president and CEO involved in the case.
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The entities involved
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AGC
Japanese manufacturing company
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Jurong Shipyard
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