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Singapore's cybersecurity firm raises concerns over transparency in Marina Bay Sands Tower 4 tender

SINGAPORE-BASED Cybersec Technology Pte Ltd has today (July 22) issued an official statement expressing serious concerns over the lack of transparency and the release of misleading information during the tender process of Marina Bay Sands (MBS) Tower 4 project. Cybersec stated that during the entire tender preparation phase, the company continuously received information from Larry Chiu who is Marina Bay Sands' international marketing president and one Yang Lixin. Whether explicit or implied, these communications clearly suggested that Cybersec had been selected as the executing party for the project. 'Based on these communications, the company firmly believed that the project was essentially confirmed,' Cybersec revealed in a statement 'Acting in good faith, Cybersec invested heavily in manpower, resources, and time — including forming a dedicated team, drafting technical proposals and organising site inspections.' However, during the formal bidding process, Cybersec was excluded from the list of qualified bidders and has not received any official clarification or explanation to date. The company claimed that the unexpected turn of events has severely impacted its operations and reputation in addition to seriously undermined the fairness and transparency that should have been upheld in the tender process. 'We solemnly warn all companies and individuals to remain alert to behaviours that use informal channels to release misleading information and manipulate market expectations,' asserted Cybersec's representative Yang Songyu. 'We've every reason to believe that certain individuals have abused their influence in the tender process to create false expectations and damage fair competition.' As it is, Cybersec stressed that it holds a large volume of evidentiary materials – including e-mail correspondence, signed agreements, draft project documents and communication records – that sufficiently demonstrate the course of misleading behaviour and the resulting broken commitments. The company also formally declared that it will fully cooperate and make all relevant materials public should regulatory authorities initiate an investigation in order to safeguard its legal rights and the fairness of the tender process. 'Marina Bay Sands Tower 4 is a major project of international interest. Transparency, fairness, and integrity are core principles that must not be compromised in its tender process,' justified Cybersec. 'We urge the relevant Singaporean authorities to intervene immediately, investigate the information mechanisms and responsibilities of the involved parties and rectify improper conduct.' Added the company: 'Only through strict governance and regulatory mechanisms can investor confidence be protected and Singapore's status as one of the world's most reputable business and legal environments be maintained.' – July 22, 2025 Main image credit: Nothing