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Keppel reiterates zero tolerance of illegal activity

KEPPEL Corporation again stressed its "zero-tolerance stance against any form of illegal activity" in a statement on Friday as it noted that the Brazilian Public Prosecutor's Office has charged Zwi Skornicki, who had been Keppel's commercial representative in Brazil, with corruption.

"According to recent media reports, the Brazilian Public Prosecutor's Office has charged Mr Skornicki with corruption," it said in a Singapore Exchange filing. "Keppel reiterates its zero-tolerance stance against any form of illegal activity, including bribery and corruption, involving its employees or associates, and will take all necessary steps to eradicate such conduct if discovered."

It added: "We are unable to comment further in view of the ongoing investigations."

It noted in a February announcement that Mr Skornicki had been arrested, and had said then that it has "put the agency relationship with Mr Skornicki on hold pending determination by the relevant authorities into the allegations made on the matter".