$56k fine for ex-employee of Hyflux-linked firm who accepted $27k loan as bribe

The Straits Times

2024-11-18

SINGAPORE – A former employee of a firm handling construction projects was fined $56,000 on Nov 18 for accepting bribes, including a loan of more than $27,000, from the then managing director of a ...

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12:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484235697","market":"sg","top_or_hot":-1,"title":"$56k fine for ex-employee of Hyflux-linked firm who accepted $27k loan as bribe","media":"The Straits Times","content":"<div>\n<p>SINGAPORE – A former employee of a firm handling construction projects was fined $56,000 on Nov 18 for accepting bribes, including a loan of more than $27,000, from the then managing director of a ...</p>\n\n<a href=\"https://www.straitstimes.com/singapore/courts-crime/56k-fine-for-ex-employee-of-hyflux-linked-firm-who-accepted-27k-loan-as-bribe\">網頁鏈接</a>\n\n</div>\n","source":"straits_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$56k fine for ex-employee of Hyflux-linked firm who accepted $27k loan as bribe\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Straits Times</strong><span class=\"h-time small\">2024-11-18 12:59</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>SINGAPORE – A former employee of a firm handling construction projects was fined $56,000 on Nov 18 for accepting bribes, including a loan of more than $27,000, from the then managing director of a ...</p>\n\n<a href=\"https://www.straitstimes.com/singapore/courts-crime/56k-fine-for-ex-employee-of-hyflux-linked-firm-who-accepted-27k-loan-as-bribe\">網頁鏈接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.straitstimes.com/singapore/courts-crime/56k-fine-for-ex-employee-of-hyflux-linked-firm-who-accepted-27k-loan-as-bribe\">The Straits Times</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"600.SI","symbol_name":"凱發","start_time":0,"source_url":"https://www.straitstimes.com/singapore/courts-crime/56k-fine-for-ex-employee-of-hyflux-linked-firm-who-accepted-27k-loan-as-bribe","article_id":"2484235697","we_media_id":null,"thumbnails":[],"rights":{"source":"straits_highlight","url":"https://www.straitstimes.com/singapore/courts-crime/56k-fine-for-ex-employee-of-hyflux-linked-firm-who-accepted-27k-loan-as-bribe","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2484235697","pubTimestamp":1731905940,"columns":[],"sourceInfo":{"source_id":"straits_highlight","name":"Straits Times"},"weMediaInfo":null,"summary":"SINGAPORE – A former employee of a firm handling construction projects was fined $56,000 on Nov 18 for accepting bribes, including a loan of more than $27,000, from the then managing director of a construction company.LeeYuetHeng, 74, will have to spend 112 days behind bars if he fails to pay the fine.At the time of the offences in 2014, the Singaporean was a deputy project director at Hydrochem – a wholly owned subsidiary of water treatment firm Hyflux.He had accepted the bribes from Chinese national Li Hongda, then the managing director of Zhengda Corp, to advance its business interests with Hydrochem.On Aug 21, Lee pleaded guilty to two graft charges.Li, then 59, was dealt with in court earlier and was fined $38,000.Hyflux has made the headlines in recent years over unrelated charges involving its founder and former chief executive Olivia Lum Ooi Lin.Lum, 63, was charged with violations under the Securities and Futures Act in November 2022 and her case is still pending.In the curren","collect":0,"end_time":0,"defaultTopTitle":"straitstimes.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"600.SI":"凯发"},"translate_title":"凯发相关公司前雇员接受27,000美元贷款作为贿赂，被罚款56,000美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600.SI":1},"content_text":"SINGAPORE – A former employee of a firm handling construction projects was fined $56,000 on Nov 18 for accepting bribes, including a loan of more than $27,000, from the then managing director of a construction company.\nLee Yuet Heng, 74, will have to spend 112 days behind bars if he fails to pay the fine. \nAt the time of the offences in 2014, the Singaporean was a deputy project director at Hydrochem – a wholly owned subsidiary of water treatment firm Hyflux.\n\n\n\nHe had accepted the bribes from Chinese national Li Hongda, then the managing director of Zhengda Corp, to advance its business interests with Hydrochem.\nOn Aug 21, Lee pleaded guilty to two graft charges.\nLi, then 59, was dealt with in court earlier and was fined $38,000.\n\n\n\nHyflux has made the headlines in recent years over unrelated charges involving its founder and former chief executive Olivia Lum Ooi Lin.\n\nLum, 63, was charged with violations under the Securities and Futures Act in November 2022 and her case is still pending.\nIn the current case, Deputy Public Prosecutor Suriya Prakash told the court in August that Hydrochem handled Hyflux’s construction projects.\nIn 2012, Hydrochem signed two contracts with Zhengda for the supply of items that included labour, material and equipment for reinforced concrete works.\n\n\n\nAt the time of the offences, Hydrochem was building a power plant in Tuas. Lee became a deputy project director in early 2014 and got to know Li soon after. \nAround mid-2014, the men reached an agreement that Zhengda would hire Lee as a general manager after his Hydrochem contract expired.\nThe court heard that Zhengda had to perform additional work after it completed works linked to the two 2012 contracts.\n\n\n\n\n\nMore On This Topic\n\n \n\nShell oil heist: 2 months’ jail for then surveyor who accepted over $4k in bribes\n\n\n\n \n\n12 days’ jail for man who tried to give NEA officer $10 bribe\n\n\n\n\n\n\n\n\n\nLee then told Li that Zhengda could inflate the prices charged for this additional work. Li told Zhengda’s contracts manager to liaise with Lee on the matter.\nMeanwhile, Lee told a Hydrochem assistant manager to work with the contracts manager on the orders.\nZhengda then submitted a set of orders with inflated prices in June 2014, but the assistant manager did not submit any of those orders for approval.\nSome time in 2014, Li paid for Lee’s air ticket to Hong Kong and settled the payment for Lee’s stay there. Court documents did not disclose the amount spent.\nOn or around Sept 11 that year, Li paid out more than $27,000 in loans to Lee.\nIn April 2015, Hyflux’s management conducted an investigation and found out that the price of a contract involving the repair of a roof had been inflated.\nThe company terminated Lee’s employment, and he joined Zhengda the following month.\nThe prosecutor had said that Hyflux did not suffer any losses as a result of the inflated prices.\n\n\n\n\n\nMore On This Topic\n\n \n\nEx-managing director gets over 8 years’ jail after cheating firm of more than $1m \n\n\n\n \n\nFormer SMU associate director admits accepting bribes totalling over $472k","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}