SINGAPORE: The Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six former senior management staff members of Keppel Offshore & Marine (KOM) over a corruption case involving Brazilian oil giant Petrobras. The warnings were in lieu of prosecution for offences punishab
SINGAPORE: The Corrupt Practices Investigation Bureau has issued stern warnings to six former senior management staff members of Keppel Offshore & Marine over a corruption case involving Brazilian oil giant Petrobras.
In December 2017, the offshore and marine arm of Keppel Corporation was fined US$422 million for its part in an international corruption scandal that took place between 2001 and 2014, with bribes amounting up to US$55 million. It added that KOM has paid the fine of US$422 million and fulfilled all obligations under the conditional warning.
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