Singapore arrests former Keppel executives in Brazil bribery probe
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] Several former executives of Keppel Corp have been arrested by Singaporean authorities in a probe related to charges its rig-building unit bribed Brazilian officials, The Straits Times reported on Friday.
Keppel Offshore & Marine in December agreed to pay US$422 million to resolve investigations into the matter by authorities in the United States, Brazil and Singapore.
But Singapore's Attorney-General's Chambers (AGC) and the Corrupt Practices Investigation Bureau (CPIB) said at the time that investigations regarding the individuals involved were ongoing.
The Straits Times said more than six people were currently out on bail connected with case.
A CPIB spokesman said he was "unable to comment as investigations against the individuals involved are still ongoing". The AGC declined to comment.
A spokesman for Keppel Offshore & Marine said: "We are unable to comment on any investigations by the authorities."
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Keppel Offshore & Marine has taken disciplinary action against 17 current and former employees in relation to the bribery charges, court documents showed.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
