A senior anti-corruption who ran up gambling debts at Singapore's two casino resorts was sentenced to ten years in prison after confessing to stealing nearly $1.4 million in public funds.
Entries in Singapore (36)
A special agent with the Naval Criminal Investigative Service (NCIS) pleaded guilty Tuesday for his role in a huge international fraud and bribery ring, admitting he tipped a Singapore-based Navy contractor about ongoing criminal probes in exchange for prostitutes, cash and luxury travel.
A third senior U.S. Navy officer has been arrested in a widening bribery investigation and overbilling probe involving a Singapore company.
Victor Dahdaleh, the London-based billionaire and former agent for Alcoa, went on trial Tuesday for making ‘corrupt payments’ of more than $65 million to the ex-chairman and chief executive of a Bahrain state-owned aluminum smelter.
The International Finance Corporation and the World Bank released their new Doing Business Index this week. It's the 11th annual report measuring business regulations for local firms -- how easy or hard it is to do business in the countries surveyed. It focuses on small and medium-size companies operating in the largest business city of an economy.
Country: United States
Company Involved: Glenn Defense Marine Asia Ltd
The U.S. government has barred Singapore-based Glenn Defence Marine Asia Ltd. (GDMA) from new contracts following a Navy bribery scandal that named Glenn and its chief executive, Leonard Glenn Francis.
Only 40 percent of Asia companies have anti-bribery policies in place, compared with a global average of 81 percent last year.
Myanmar's opposition leader Aung San Suu Kyi spent the past four days in Singapore, meeting leaders, visiting schools, and putting some distance between herself and the city-state's model of economic success.