SINGAPORE: Keppel Offshore & Marine has fully paid fines and damages of almost 343.6 million reais (S$88 million) to Brazilian authorities in relation to its corruption case, Keppel Corporation announced on Monday (Jan 30). The sum was payable under a
SINGAPORE: Keppel Offshore & Marine has fully paid fines and damages of almost 343.6 million reais to Brazilian authorities in relation to its corruption case, Keppel Corporation announced on Monday .that Keppel O&M concluded with the Brazilian Attorney-General's Office and Comptroller General of the Union last month.
This was after corrupt payments made by Keppel O&M's former agent in Brazil to secure contracts with Brazilian oil giant Petrobras were brought to light. The AGC and CPIB also agreed in principle to allow Keppel O&M to seek crediting of up to US$52,777,122.50 in fines payable to the Brazilian authorities.
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