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

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Energean’s Profit Rises as Israeli Gas Operations Recover

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

China's CNOOC Posts Record First-Half Profit

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

Saudi Contractor Enters Oman with Four-Well Drilling Assignment

Mermaid Maritime Expands Into US Offshore Market

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

Current News

SED Energy Holdings and Ventura Offshore Set to Combine Ops

Asia's Oil Industry Braces for Prolonged Hormuz Disruption

Petronas Awards Estuary Cluster PSC to Harvester Energy

ABS Backs Hanwha Ocean’s Standardized FPSO Design

Larsen & Toubro Adds Major ONGC Offshore Project to Orderbook

Energean’s Profit Rises as Israeli Gas Operations Recover

Saipem Bags Commissioning Contract for Türkiye-Bound FPU

Oil Jumps as Houthi Strikes Disrupt Saudi Energy Operations

Petronas Turns to AI to Accelerate Upstream Investment

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

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