SINGAPORE – Six men were hauled to court on April 21 and handed charges for several offences, including money laundering, criminal breach of trust (CBT) and corruption.
Singaporean Loy Hwee Kiat, 60, was the director and shareholder of Capital Construction and a shareholder of Asiana Capital at the time of the alleged offences between February 2018 and April 2022.
He was handed 16 charges for offering bribes to four managers at Dongah Geological Engineering to further the business interests of Capital and Asiana with Dongah.
South Korean and Singapore permanent resident Shin Hyungjun, 42, worked as a project manager and tender manager at Dongah.
South Koreans Kim Dong-Hwi, 46, and Woo Kyeongjin, 49, were construction managers at Dongah.
South Korean Seo Myoungsoo, 52, was a project manager at the same company.
Shin, Seo, Kim and Weo had purportedly obtained $143,000 in bribes from Loy, the Corrupt Practices Investigation Bureau (CPIB) said in a press release on April 21.
