Embattled Singamas Container Holdings executive chairman Teo Siong Seng said today he would take leave of absence from his concurrent role as Pacific International Lines’ (PIL) executive chairman, after the US Justice Department (DoJ) indicted him for cartel-like behaviour with fellow container makers.
On 19 May, the DoJ indicted Mr Teo (pictured) for allegedly colluding with Chinese container-makers CIMC, Shanghai Universal Logistics Equipment (also known as Dong Fang International Container), and …
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