Brazil authority publishes notice to probe five Keppel units

Singapore

THE Office of the Comptroller General of Brazil (CGU) has published a notice in the Official Gazette stating that it has initiated an administrative enforcement procedure against five Keppel subsidiaries in relation to "alleged irregularities under the Brazilian Anti-Corruption Statute".

CGU has appointed two officials to form a panel to preside over the proceedings, Keppel Corp said in a bourse filing on Thursday.