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Entries in Singapore (74)


Navy officer pleads guilty in Fat Leonard case

A U.S. Navy lieutenant commander pleaded guilty Thursday to a federal bribery charge for taking cash, luxury hotel stays, and prostitutes from a foreign defense contractor in exchange for proprietary Navy information.

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Singapore rig builder calls Brazil payments ‘suspicious’

Keppel Corporation said certain payments made by an agent in connection with Petrobras contracts may have been "suspicious." 

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Singapore: Strong AML laws, weak enforcement

Singapore demonstrates a strong anti-money laundering and counter financing of terrorism (AML/CFT) legislative framework but despite this, it shows significant weaknesses in its effective implementation, according to a recent review by the Financial Action Task Force

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At Singapore's Keppel Corp, did the C-suite approve big bribes?

A former Keppel Corporation agent has reportedly accused the company's executives of authorizing him to pay bribes to Brazil officials in an effort to win Petrobras contracts. 

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Shah and Grant: How to steal billions

From 2009 to at least 2013, private individuals were allegedly able to siphon off more than $3.5 billion from the wealth fund of Malaysia and go on a high-end luxury shopping spree in several countries including the United States, the United Kingdom and Switzerland for property, museum-quality art and a private jet. 

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Singapore seizes $177 million linked to 1MDB, cites AML lapses at UBS, Stanchart, DBS and Falcon

Singapore said Thursday it has seized property and bank accounts linked to money allegedly diverted from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad.

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What did the alleged 1MDB looters buy with $1 billion? Here's the list

The DOJ alleged in a civil forfeiture complaint Wednesday that officials at Malaysia's sovereign wealth fund 1MDB and the step son of the Malaysia prime minister diverted more than $3.5 billion from the fund.

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DoD civilian employee pleads guilty to bribery in Fat Leonard case

A former Department of Defense (DoD) senior contracting official pleaded guilty Thursday to taking bribes from Leonard Glenn Francis -- also known as Fat Leonard -- the owner of Singapore-based Glenn Defense Marine Asia.

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Admiral pleads guilty to lying in Fat Leonard bribery scandal

The highest-ranking U.S. Navy officer to be charged in the massive bribery-for-secrets case that has shaken the Navy's command structure in the Pacific pleaded guilty Thursday in federal court to lying to investigators and destroying evidence.

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Three more U.S. Navy officers charged in ‘Fat Leonard’ bribes-for-secrets case

Leonard Glenn Francis, also known as Fat LeonardThree senior Navy officers -- two of them active and one retired -- were charged in documents unsealed Friday for their roles in a massive bribery scheme involving a Singapore-based contractor that compromised U.S. national security.

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1MDB Scandal: Singapore closes BSI Bank for ‘serious AML breaches and gross mismanagement’

Singapore shut down the local operations of Swiss-based BSI Bank Tuesday and named six bankers suspected of possible criminal conduct in connection with the handling of a Malaysian government fund.

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Singapore man jailed five years in Fat Leonard prosecution

A former executive of a Singapore-based defense contracting firm was sentenced to 63 months in federal prison Friday for his role in defrauding the U.S. Navy of $34 million for ship husbanding services.

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