Can the Government Of Singapore do business with a corporation led by a" seriously corrupt" politician - Finding of corruption against Singtel-Optus MD Gladys Berejikilian raises questions for the Government Of Singapore, Singapore GLCs that do business with Singtel-Optus

 by Ganesh Sahathevan

In what appears to be a means of justifying SIngtel-Optus Managing Director Gladys Berejiklian's continued employment at the company,  Singtel-Optus has issued a statement to say that it "  acknowledges the ICAC report published in relation to Gladys Berejiklian’s time serving as a member of the NSW Parliament" ..

That report includes the finding that Berejiklian was " seriously corrupt" while serving as premier of NSW, and in turn complicates matters for Singtel-Optus' primary  clients, the Government Of Singapore, and companies linked to it. 

The Government Of Singapore has always maintained zero tolerance for corrupt politicians anywhere, and to have one serving on the leadership team of one of its largest companies, with which it also does business, must surely be unacceptable. 

TO BE READ WITH 

Thursday, June 29, 2023

SGX listed, Temasek controlled Singtel runs into a serious governance problem : Singtel Optus Managing director Gladys Berejiliklian found to have engaged in serious corrupt conduct , but cannot be sacked because employment contract includes clause that allows her to keep her job regardless of an adverse corrpution finding

 by Ganesh Sahatevan 

The above has just been reported by The Australian . The TEN news channel has reported that  Berejiklian's  Optus remuneration package is estimated to be AUD 1 Million.

Optus is wholly-owned by Singtel, which is listed on the SGX, and has continuous disclosure obligations, so all of the above must be announced to the SGX.

Singtel is also owned by Temasek, so Temasek is now in a quandary, given the very high standards of probity expected of public officers.

Meanwhile, there are already questions about Berejiklian's conduct while at Optus.

To Be Read With 

Singtel-Optus director Gladys Berejiklian engaged in serious corrupt conduct
Singtel-Optus pays the price for not adhering to the Teh Cheang Wan standard ; contracts won by Gladys Berejiklain require review, in Singapore and in Australia
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