We all remember those steep losses over unauthorized forex transactions that SembCorp Marine suffered not to long ago...almost like important events in history you may remember for some time where you were when you heard the dollar amount of those loses that took just about everyone by surprise (for me, I was in the office).

Fast forward to now, and SembCorp Marine is battling its way back in the latest development in what will probably be a long saga. They announced yesterday that they have summarily dismissed that employee responsible for making unauthorized forex transactions, Mr. Wee Sing Guan, and Sembcorps subsidiary, Jurong Shipyard has logged a complaint against him with the Commercial Affairs Department...

So, movement on the issue has now happened as Sembcorp tries to battle its way back after these steep forex losses. Watch the BlogCast to find out more and leave your comments below on what you think about the whole issue.

Labels: foreign exchange transactions, SembCorp Marine