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Three IG Logistics directors charged with bribery with Singapore over Malaysian business deal

( July 1, 2019, 14:00 GMT | Official Statement) -- MLex Summary: Three directors from an IG Logistics unit have been charged with corruption in Singapore, for allegedly paying bribes while doing business in Malaysia. Singapore's Corrupt Practices Investigation Bureau alleges that the three staff from IG Aviation Singapore paid Lee Shashitheren — the CEO of Malaysian cargo airline business Raya Airways — a total of just over 1 million ringgit ($240,000) to "show favor" to IG Aviation for a "General Sales Agent contract." The three executives — Tan Yong Yeow, Peter Tan Chin Hock and Kenneth Tan Kwang Leng — potentially face up to five years in prison and a fine of up to 100,000 Singapore dollars ($74,000).The full statement from the Corrupt Practices Investigation Bureau follows. ...

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