Corporate digest

Keppel Corporation

A REPORT by the Brazilian Public Prosecutor's Office (PP) had highlighted that charges were not being filed at this point in time against Zwi Skornicki, Keppel Corp's commercial representative in Brazil, for possible offences in illegal cartel activities and fraud against competitive bidding, although there was evidence of such crimes. This follows allegations that illegal payments had been made by Mr Skornicki in connection with contracts entered into between certain Keppel entities with Petrobras and/or Sete Brasil. Following these allegations, the agency relationship between Keppel's entities and Mr Skornicki has been put on hold.

Keppel said on Thursday that it has obtained a copy of the PP's report on the filing of charges against Mr Skornicki.