PAP must Answer Questions about its System in Wake of Keppel Scandal

The bribery scandal that has enveloped Keppel Offshore & Marine is another sign of a deteriorating situation involving corruption and the financial system in Singapore.

The incident involves 17 current and former Keppel employees holding senior positions within the company who had paid US$55 million in bribes over more than a decade to officials in Brazil to secure oil-rig contracts.

The shocking breath and depth of the scandal prompts the question of who else knew about the dealings but kept silent during the entire episode.

It also raises the possibility that the incident is not an isolated one and whether more such cases exist within the stable of Government-linked companies and their worldwide dealings.

The government owes it to the public to conduct an open investigation into the matter as it involves public finances.

This is not the first time that such a serious debacle has hit Singapore. In 2016, DBS (also a GLC) and other banks in Singapore were caught when money from Malaysia’s 1MDB was found to have been laundered through them.

Both the Keppel and DBS cases which happened only recently signal a deterioration in the system that governs Singapore.

Equally disturbing is the authorities’ knee-jerk denials of such problems and the continued boasts about the integrity of the system and its organisations.

In 2015 when the story surfaced that Keppel was involved in paying bribes in Brazil, the management said that, “We refute allegations made in the media reports”.

It went on to state: “We would like to emphasise that Keppel Group has a code of conduct which prohibits, among others, bribery and corruption. Our employees are required to conduct themselves with integrity, in an ethical and proper manner, and in compliance with the applicable laws and regulations of the countries in which we operate, including anti-bribery laws.”

Over money laundering, Minister Mr K Shanmugam said in 2009: “We do not see ourselves as a haven for laundered money. We play an active role in the global fight against financial crimes.”

The Monetary Authority of Singapore boasted: “To protect the integrity of our financial system, our laws are rigorously enforced.”

It is clear that the government and its related entities should dispense with the bluster about how virtuous the system is and put in more effort to prevent such happenings.

It must do no less that order a full inquiry to determine how widespread the problem is within Keppel, in particular, and possibly in other GLCs, in general.

Singapore Democrats

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18 Responses to “PAP must Answer Questions about its System in Wake of Keppel Scandal”

  • 陈大婶:

    巴西领事,什么来头 ?

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  • Shame talks:

    Where is shame? Not a word, a murmur?
    Is he gearing up to smack pritam down in pariahment?

    You know in pariahment, only shame talks?

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  • 陈大婶:

    PAP best one , this one no problem .

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  • PAP has the mandate:

    That is why Xi and Obama hated PM Lee for the corruption and the shielding of crooks and murderers, such a Magabe, the grandson of redbull owner and many others still hiding in SG.

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  • Bapak:

    SG under current PAPigs will never able be the Financial Centre in Asia. Corruption & Money Laundering Centre more like it.

    Proven many many times Chinese, Indian, Indonesian, Malaysian, Vietnamese, Cambodian, Myanmars, including the rich from Europe and USA…all run road will come here to park the money. Napolean will welcome them open arms and open legs, giving citizenship like free toilet paper.

    But never did they and the Stupid70 realize our elites will park their money outside preparing to run road to another country. This country is run by unethical gangsters and traitors.

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  • bian answer one lah:

    Emperor LHL owns the place and we are live under his excellency mercy. He no need to answer anyone lah.

    Don’T make him angry, else he let in another 1,000,000 foreigners to teach the ungrateful subjects a lesson.

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  • Time waste not Naive no more:

    Do not waste time doing the impossible. Getting PAP to be transparent and responsible all futile.
    The right plan is preparation for GE.
    Read all cyber comments and check achives for proof. Save digitised account for later cyber circulation Do not divulged. hei it with surprise. Get solid evidence from ST actual speeches (one noteworthy is lhl mayday speech regarding steal jobs from foreigners, his dealing with Trump and Xi) Everything must be supported by official document or from newspapers reports.
    Talk to Old professional esp those in their 70+.check the achives. These are time consuming and require patience and man power. So put in entire energy on gathering information and confirmatory evidence. Onky if you have solidly suported evidence on things said by PAP derogatory to Singaporean will remind and convince sinkies that PAP is idea depleted foreigners leaning and typing of undesirable foreigners imported.

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  • self regulation is a myth:

    Would the Govt be motivated to conduct such an inquiry?

    So the oppositions must step up their game and demand one.

    Rest of the citizens must voice our outrage and anger and insist on that.

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  • conu eat shit:

    PM LEE and management of Keppel COME CLEAN.The Keppel scandal has shown that there is no transparance and accountability in PAP.As with a the cockups in ASSMRT it is only the lower ranks that always take the blame when shit hits the fan.

    PM LEE he runs and hides at the first sign of trouble.When he was PM Mat Salamat escaped PM LEE did not come to the open and clear the air.He only when on air after two week and even than only after his father had spoken.

    When Slivia Lim asked him about the advise from the AG’s office it was BIG NOSE TEO,BUXBUNNEY TOOTH,and Shanmukam that answered for him.

    Now with the Keppel corruption saga he is NOWHERE TO BE SEE.Lucky for us Singapore is no at war.This PM MF will be the first to run.Wants the BIG FAT PAY PACKET BUT DO NOT WANT THE RESPONSIBILITY.

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  • Waste not Naive not:

    Arrogance and idealress are taboos in political campaign. Humble enough to seek opinion but be ready to move the coversation with leading question. Listening is a virtue. Interjection is an arts to continue dicussion without giving the impression of intrusion and being smart Alecs.Oneupmanship is when you confront opponent and not before citizens.Spread across the island. Accredit ideas and thoughts which will go down well with oppressed citizen. Spread islandwide. if possible bring family to interaction Be a friend not a politician. Dont know says dont know and ask to be enlightened with humility. Never never give impression of no idea while at the same time dont be a smart alec. Be a well balanced likeable intellectual with knowlege of humility. Be a respectable man and not one seeking respectability.
    Recruit persons with conviction and cool passion.

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  • Bobo:

    That’s the main reason why PAP can not afford to lost its power. From top to bottom all remained silence just to keep their high pay job and bonuses.

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  • pap selected INDIAN president:

    “To protect the integrity of our financial system, our laws are rigorously enforced.”

    hard to believe. can folks without integrity talk about integrity?

    WE think surely NOT.

    WE remembered when japs lost WW2 and were paraded on streets. each time a jap passed by someone who had a hammer hammered at the leg of the japs. every time the hammer hit every time the japs fell.

    WE dream as soon as New Government forms and finds pap Ljs and pap Cbs eveil doing and parade them on streets, we use the largest hammer in our 99 years leasehold HDB to hammer. whether pap Cb or pap Lj we don’t care. we hammer. FOR all the evil these pap Ljs and pap CBs have committed and are committing. very nice dream. so pleasure. WE hope dream comes true.

    ++++++++++++++++++++++++++++++++++++++++++++
    everyone of pap Ljs and pap Cbs condone the lies of their leaders. SO by omission or by commission they are all liars and are culpable.
    ++++++++++++++++++++++++++++++++++++++++++++

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  • conu eat shit:

    Hope PAP loses ant NEW GOVERNMENT FORMS WITHIN MY LIFETIME.Can’t wait for these PAP MFs to be paraded on the street and the TRUE BLUE SINGAPOREAN to throw rotten eggs and tomatoes at them.

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  • conu eat shit:

    Can throw ROTTEN SWISS CHEESE at WOODY GOH for NON DELIVERY of Swiss standared of living.

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  • PAP Is Root Of All Evils:

    Time waste not Naive no more:
    Do not waste time doing the impossible. Getting PAP to be transparent and responsible all futile.
    The right plan is preparation for GE.
    Read all cyber comments and check achives for proof. Save digitised account for later cyber circulation Do not divulged. hei it with surprise. Get solid evidence from ST actual speeches (one noteworthy is lhl mayday speech regarding steal jobs from foreigners, his dealing with Trump and Xi) Everything must be supported by official document or from newspapers reports.
    Talk to Old professional esp those in their 70+.check the achives. These are time consuming and require patience and man power. So put in entire energy on gathering information and confirmatory evidence. Onky if you have solidly suported evidence on things said by PAP derogatory to Singaporean will remind and convince sinkies that PAP is idea depleted foreigners leaning and typing of undesirable foreigners imported.

    You kick them all out of parliament, you have all the time to investigate and get back all stolen money.

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  • How Many More Mistakes Pinky?:

    The latest Keppel O and M corruption mistake has been exposed. Will the world trust us now as an honest Financial Centre which LKY has worked hard to develop ?

    The mistake of getting involved in US domestic politics supporting Hillary for President had resulted in a tight slap from Trump by withdrawing a US MNC Broadcom from Spore back to the USA. What will happen if 10 or 100 more US companies withdraw from Singapore ?

    The mistake of being too egoistic and arrogant for telling China to respect International Law and not do what it is doing with the two islands in the South China Seas has resulted an another tight slap from China by the signing of the East Coast Rail Line agreement with Malaysia. China will extend the rail line from Thailand to Kelantan, build a port in Kelantan and also build a highway from Kelantan to Port Klang. 5 years project will result in PSA losing a major portion of its business and factories in Spore migrating to Malaysia to be near to the new facilities and lower business cost in Malaysia. More unemployment can be expected for the younger generation.

    Employing million Dollars Minister and CEO yet not capable of solving SMRT problems. LKY would not tolerate this nonsense and these people would be given the walking sticks immediately. LKY will say I do not care how you do it, but just do it. Pinky instead will say never mind learn from it and move on and on and on endless with problem solved.

    Complacent civil servants allow a group of people to cheat the government millions of dollars on the Skill Future funds.

    Allowing a paper general and a exam warrior to sink our ship NOL and given another better rewarding job. LKY would have ordered a public execution.

    There are too many other mistakes being made and how many more mistakes do you expect the public to tolerate before you retire in shame and disgrace ?

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  • |The Patriotic Singaporean:

    I normally only read articles here but don’t reply. But this article, I feel the need to do so. If not I would be doing Singapore and fellow Singaporeans a disservice.

    I am a Singaporean doing my graduate studies in a first world western country. After reading this, I don’t think I want to return to Singapore after graduating.

    No wonder PM Lee is stepping down next year. He wants to leave this shit for the next PM to clear!

    LKY only died a few years ago and all these nonsense is being uncovered. And the PAP with its CPIB arm thinks they are so clean and white. Look at what is happening. So disgraceful! I am ashamed to be a Singaporean and wonder why 70% still so stupid vote for them!

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  • Nanzy:

    It is shocking that there hasn’t been an automatic decision
    to scrutinise the Keppel case, esp since this country keeps
    on about how much integrity and honesty there is here. Just
    as shocking is that only lower beings were involved. The
    higher-ups apparently knew nothing of what was going on. If
    truly so, they weren’t/aren’t doing their job. Worse, now
    they want to just sweep it into history! It is heart-breaking
    to see my country and its leaders stoop to such low levels.
    How does one continue to trust them, as they ask?

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