Shareholders of Keppel Corp should sue to recover losses
The $55 million given to corrupt Brazilian officials are money/property belonging to the shareholders of Keppel Corp. The injured party and proper plaintiff is Keppel Corp whose current Board is legally obligated under corporate law to take action to recover the lost property. If the current Board of Directors failed to take...
Bank: Sell cheap, gain more?
Was this the cheapest “bank sale” in the history of the world? I refer to the article “Japan’s MUFG may succeed where DBS didn’t” (Straits Times, Dec 28). It states that “On Tuesday, MUFG said it had agreed to buy an initial 19.9 per cent stake from Temasek Holdings and units affiliated with Singapore’s state...
Keppel Bribery Saga : Why Isn’t AGC, CPIB prosecuting those involved?
I read that AGC has only given "conditional warning" to those involved in the bribery acts.. My question is why didn't CPIB press charges to those involved? This seems rather unusual to me. Why would Corruption act of such scale warrant only a "conditional warning" ? I've worked in large Fortune companies and frankly what...
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