Three former
employees working at Performance Motors Ltd were charged with corruption. They
had corruptly obtained gratification from a car dealer, Teo & owner of a
finance company, Kheh Thiam Hoo. If
you are curious to know what was the entire case, then read the entire article
here.
The investigation
by CPIB revealed that on 17 December 1999, Singleton Marc Alexander, the former
Managing Director of Performance Motors Ltd received two Rolex watches from Teo
Kian Hong, a Director of Teo Tian Seng Motor Credit Pte Ltd (TTS). Besides, he
also obtained 3 Nokia handphones and a sum of S$78,000 from Teo. Teo never seeks
payment from Alexander but in return, she wanted that Alexander would continue
to appoint TTS as an authorized dealer for BMW cars.
Apart from
Alexander, Teo had also given bribes (Hermes watch worth S$1,200, two Tag Heuer
watches worth S$1,390 and S$1,575, a S$1,388 Nokia 9210i Communicator mobile
phone, and a loan of S$60,000) to Patrick Pow, the Director of Sales and
Marketing at Performance Motors Ltd.
Besides Teo, Pow
has also obtained bribes from Kheh Thiam Hoo, Director of Skyway Credit & Leasing Pte Ltd. Skyway Credit is a sole
finance agent appointed by Performance Motors. Pow is alleged to have received
a Franck Muller watch worth S$13,390, in return for maintaining a good business
relationship with Skyway. He also obtained two loans of S$50,000 and S$32,000
from Mr. Kheh for accepting proposals submitted by Skyway.
And the third name
that came into highlight was of Chong Ann Teck, the former senior sales manager
of Performance Motors Ltd. He is accused of receiving an S$12,700 Pioneer plasma
TV set from Mr. Kheh & an S$1,800 discount on an S$11,800 Rolex Yacht
Master watch from Ms. Teo.
Marc Alexander
& Patrick Pow were ordered to pay a penalty of S$112,142 and S$142,000
respectively. Also, they were fined - Alexander S$185,000 & Patrick Pow
S$120,000.
No comments:
Post a Comment