Singapore Charges Two for Corrupt Bunker Trading

Wednesday, October 20, 2021

Singapore authorities have charged two individuals in court for alleged corruption in relation to the trade and supply of marine fuels, the Corrupt Practices Investigation Bureau (CPIB) said in a statement.

Afzal Bin Mohamed Ekbar, a bunker trader at KPI Bridge Oil Singapore Pte Ltd at the time, had allegedly obtained at least $191,000 on multiple occasions between 2017 and 2018 from the director of Straits Bunkering Pte Ltd, Shafiq Bin Nezammuddin, as kickbacks for nominating Straits for the supply of bunker fuel to KPI's customers, the CPIB statement said on Tuesday.

"Afzal had also allegedly obtained a gratification in the form of a S$90,000 (about $67,000) loan from Shafiq as an inducement for the same purpose," the statement said.

In addition, Afzal had allegedly given gratifications totaling about $165,000 to other individuals on multiple occasions as "inducements or rewards for them to place orders with KPI for the supply of bunker fuel."

KPI Bridge Oil and Straits Bunkering did not immediately respond to requests for comment.

Singapore, the world's top marine refueling bunkering hub, has tightened rules in recent years to boost transparency and prevent cheating in the notoriously opaque industry.

In September, authorities sentenced nine people to up to three years in jail for cheating buyers out of $337,000 worth of shipping fuel.


(Reporting by Roslan Khasawneh; Editing by Sam Holmes)

Categories: Legal Bunkering

Related Stories

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

ADNOC Drilling Posts Record First-Quarter Results with 5% Revenue Rise

Oil Jumps 4% After Trump Rejects Iran’s Peace Response

Eni Advances Giant Indonesia Gas Discovery after ‘Exceptional’ Well Test

Indonesia’s Mako Gas Project on Track for First Gas in 2027

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

UK Declines to Support US Hormuz Blockade, PM Starmer Says

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Current News

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

Inpex Expands Australia Gas Portfolio with Browse Minority Stake Deal

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Norway O&G Revenue Forecast Jumps 30% for '26

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com