Ex-CEO of Daewoo Shipbuilding Grilled
Daewoo Shipbuilding & Marine Engineering (DSME) is being rocked by estimated trillions of won (billions of U.S. dollars) of accounting fraud amid the ongoing restructuring process for Daewoo as well as other two shipbuilders, says a report in Xinhua. The former CEO of DSME Koh Jae-ho (61), who headed the troubled company from 2012 to 2015, has been grilled by prosecutors on suspicions of a massive accounting fraud. The Supreme Prosecutors’ Office’s special investigation team interrogated Ko Jae-ho for around 20 hours until 5 a.m. Tuesday over allegations that he ordered a window dressing settlement worth some five-point-four trillion won, or about four-point-seven billion U.S. dollars. Koh has been accused of ordering a 5.4 trillion-won (4.7 billion U.S.
Shipping Firms to Pay $10.4 Million in Pollution Penalties
Two shipping firms based in Germany and Cyprus were sentenced today in federal court in Newark, N.J., to pay a $10.4 million penalty for felony obstruction of justice charges and violating the Act to Prevent Pollution from Ships related to the deliberate concealment of vessel pollution from four ships that visited ports in New Jersey, Delaware and Northern California, the U.S. Attorney’s Offices in New Jersey and Delaware, the U.S. Department of Justice Environment and Natural Resources Division and the U.S. Coast Guard announced. Columbia Shipmanagement (Deutschland) GmbH (CSM-D), a German corporation, and Columbia Shipmanagement Ltd.
Guilty Plea, Bribing Officials for Contract
Charles Paul Edward Jumet of Fluvanna County, Va., pleaded guilty on Nov. 13 in connection with his role in a conspiracy to pay bribes to Panamanian government officials to secure a maritime contract, announced Assistant Attorney General of the Criminal Division Lanny A. Breuer, U.S. Attorney for the Eastern District of Virginia Neil H. MacBride, Joseph Persichini Jr., Assistant Director-in-Charge of the FBI's Washington Field Office, Jennifer Smith Love, Special Agent-in-Charge of the FBI's Richmond Field Office and James A. Dinkins, Special Agent-in-Charge of U.S. Immigration and Customs Enforcement's (ICE) Office of Investigation, Washington. Jumet, 53, pleaded guilty before U.S. Magistrate Judge Dennis W.
Two More Ship Engineers Plead Guilty
Thomas L. Sansonetti, Assistant Attorney General for the Justice Department’s Environment and Natural Resources Division, and Paula D. Silsby, the U.S. Attorney for the District of Maine, announced that late yesterday two chief engineers for a freighter pled guilty for their role in concealing the overboard dumping of waste oil from the M/V Kent Navigator and using false log books designed to deceive the U.S. Coast Guard. The defendants, Chief Engineers Felipe B. Arcolas and Alfredo D. Lozada, worked aboard the Kent Navigator, which is owned and managed by Petraia Maritime Ltd. The government’s investigation began when the U.S. Coast Guard received an anonymous tip that a vessel bound for Portland was illegally discharging its waste oil and its bilges while at sea.
Ship Engineers Sentenced for False Statements
Thomas L. Sansonetti, Assistant Attorney General for the Justice Department’s Environment and Natural Resources Division, and Paula D. Silsby, United States Attorney for the District of Maine, announced today that two chief engineers of a freighter ship were each sentenced yesterday to two years of probation and a fine of $3000 for their roles in concealing the overboard ocean dumping of waste oil from the M/V Kent Navigator through false log books and statements designed to deceive the U.S. Coast Guard. The defendants, Chief Engineers Alfredo D. Lozada and Felipe B. Arcolas, worked aboard the Kent Navigator, which is owned and operated by Petraia Maritime Ltd. The government’s investigation began when the U.S.
Japanese Company Pleads Guilty to Illegal Dumping
Karin J. Immergut, United States Attorney for the District of Oregon, Debra W. Yang, United States Attorney for the Central District of California, Donald P. Sims, Special Agent in Charge of the Portland Area Office, Criminal Investigation Division of the United States Environmental Protection Agency (EPA-CID), United States Coast Guard Rear Admiral Jeffrey Garrett, Commander 13th Coast Guard District, and United States Coast Guard Captain Paul Jewell, Captain of the Port, Portland, announced today that Fujitrans Corporation, a Japanese transportation company, pled guilty to four felony charges for violating the Act to Prevent Pollution from Ships, Title 33, United States Code, Section 1908(a) and Title 33, Code of Federal Regulations, Sections 151.25(a), (d) and (h).
