SembCorp Marine names independent investigator

The marine engineering group revealed on October 22 that former group finance director Wee Sing Guan had conducted unauthorised FX trades for the account of one of its wholly owned subsidiaries, Jurong Shipyard. Wee was dismissed and replaced by Maureen Leong, former executive vice-president responsible for group performance management, mergers and acquisitions and project financing of the SembCorp Group of companies.

PwC replaces SCM’s own auditor, Ernst & Young, which was initially selected