Singapore
KEPPEL Corp reiterated on Tuesday its zero tolerance towards any form of illegal activity after Brazil's two-year long corruption probe involving national oil company Petroleo Brasileiro SA (Petrobras) and rigbuilder Sete Brasil saw the arrest of the Brazilian president's election campaign manager this week.
Keppel, whose unit Keppel Fels Brasil is among 10 companies allegedly involved in the scandal, said that it would take all necessary steps to eradicate such conduct if found.
Brazilian police are looking into possible bribes paid in contracts signed by Petrobras and Sete Brasil with Keppel Fels. With more than S$6 billion worth of contracts, Sete Brasil is the single largest client...