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Corrupt Practices Investigation Bureau
Press Releases

Former Managing Director Charged with Corruption, Criminal Breach of Trust and Transferring Benefits from Criminal Conduct

Type

Private

1 October 2019

A former managing director faces charges for corruptly obtaining over S$364,400 from vendors and misappropriating company funds.

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Individuals who resort to corrupt practices for profit will be taken to task.

2. On 1 October 2019, Ananthakrishnan Nanda (“Nanda”), a 48-year-old former Managing Director of Aoxing Ship Management Singapore Pte Ltd (“Aoxing”), Managing Director of the Shipping Management Department in Sinochem Shipping Singapore Pte Ltd (“Sinochem”), Director of Master Manning Services & Logistics Pte Ltd and Director of Sakura Ship Management Pte Ltd, was charged in Court with the following:

  • 21 counts of corruptly obtaining or attempting to obtain gratification amounting to approximately S$364,400 from various vendors of Aoxing as a reward for advancing the business interests of these vendors with Aoxing. Each of these individual acts constitutes an offence punishable under Section 6(a) of the Prevention of Corruption Act, Chapter 241. Approximately S$317,600 of the gratification was credited into Master Manning Services & Logistics Pte Ltd’s bank account which Nanda was in control of.

  • One count of criminal breach of trust by dishonestly misappropriating approximately S$81,600 of funds in Sinochem’s and Aoxing’s bank accounts entrusted to Nanda in his capacity as Managing Director of the Shipping Management Department in Sinochem, an offence under Section 408 of the Penal Code, Chapter 224.

  • One count of transferring approximately S$71,300 (which in part directly represented Nanda’s benefits from criminal conduct), from Master Manning Services & Logistics Pte Ltd’s bank account to Sakura Ship Management Pte Ltd’s bank account. This constitutes an offence under Section 47(1)(b) and punishable under Section 47(6)(a) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, Chapter 65A.

3. The CPIB takes a serious view against corruption and any criminal activities. Any person who is convicted of a corruption offence can be fined up to $100,000 or sentenced to imprisonment of up to 5 years or to both. Whoever convicted of criminal breach of trust as a servant may be imprisoned for up to 15 years, and shall also be liable to a fine. Any individual who is convicted of an offence under Section 47(1)(b) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act, can be fined up to $500,000 or sentenced to imprisonment of up to 10 years or to both.

4. The CPIB looks into all corruption complaints and reports, including anonymous ones, and can be reached via the following channels:

a) Visit or write to us at the CPIB Headquarters @ 2 Lengkok Bahru, S159047;
b) Call the Duty Officer at 1800-376-0000;
c) Lodge an e-Complaint; or
d) Email us at report@cpib.gov.sg

5. Where possible, the report should include the following information:

a) Where, when and how the alleged corrupt act happened?
b) Who was involved and what were their roles?
c) What was the bribe given and the favour shown?

Corrupt Practices Investigation Bureau

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