Teo Siong Seng to Take Leave of Absence From SBF, Economic Task Force to Address US Price-Fixing Allegations

Singapore Shipping Tycoon Indicted in Global Container Price Cartel Case

By Rong Wei Neo (Bloomberg) — Singapore shipping tycoon Teo Siong Seng was accused by the US of colluding to raise dry-container prices, placing one of the city-state’s most prominent business...

Teo Siong Seng to take leave of absence from SBF, economic task force to address US price-fixing allegations

Mr Teo's leave of absence was to "focus his attention on addressing the indictment by the US Department of Justice", says the Ministry of Trade and Industry (MTI).

Singamas CEO Teo Siong Seng indicted in container price-fixing probe

Singamas Container Holdings chairman and CEO Teo Siong Seng has now been indicted by the US Department of Justice (DoJ), accused of conspiring with three other container manufacturers to fix prices. The Ministry of Trade and Industry in Singapore said today that Mr Teo would stand down from his roles at the Singapore Business Federation, Singapore Economic Resilience Taskforce, and Enterprise Singapore. Mr Teo informed the ministry that he would…

Teo Siong Seng to take leave of absence from SBF, economic task force to deal with US allegations

Teo Siong Seng, the shipping veteran at the centre of an investigation by the United States Justice Department, will take a leave of absence from his roles at the Singapore Business Federa... Read more at The Business Times.