SembMarine Brazil unit involved in Operation Car Wash probe over ex-consultant
Add BT as a preferred source
Vivienne Tay
SEMBCORP Marine (SembMarine) on Wednesday said it has cooperated fully with the Brazilian Federal Police after a search warrant was executed on Estaleiro Jurong Aracruz (EJA), its subsidiary in Brazil.
The search warrant was in connection with ongoing investigations related to Operation Car Wash in Brazil, the country's biggest anti-graft crackdown which sent former president Luiz Inacio Lula da Silva to jail.
The offshore and marine firm understands the search relates to investigations against Guilherme Esteves de Jesus, a former consultant engaged by EJA in Brazil who has been arrested by the Brazilian Federal Police. He is facing ongoing criminal charges which have not been concluded.
Present investigations also involve Martin Cheah Kok Choon, EJA's former president, the company added.
SembMarine said it has a strict compliance programme and continuously works to ensure its policies and procedures are in place to prevent any violation of anti-corruption laws applicable to its operations.
"The company wishes to reiterate that the group is committed to the highest standards of compliance with anti-corruption laws and does not condone and will not tolerate any improper business conduct," it said.
The company added that it will continue to monitor developments in Brazil and other jurisdictions regarding the matter and will make appropriate announcements when there are any material developments.
SembMarine shares closed flat at S$1.54 on Tuesday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Surbana Jurong group CEO Sean Chiao to step down; search for successor under way
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
