Sneak peek: SembMarine comes under the pressure after Keppel's US$422 mil settlement

SINGAPORE (Jan 4): With Keppel Corp’s offshore and marine arm having reached a global resolution with authorities over corrupt payments made in Brazil, the market’s attention could now turn to Sembcorp Marine, another major SGX-listed oil rig builder that has been linked to the scandal.

Keppel Offshore & Marine’s (Keppel O&M) role in the scandal had come to light after its former agent, Zwi Skornicki, was outed by former Petrobras executive Pedro Jose Barusco for paying millions of dollars’ worth of bribes to Brazilian officials to corruptly obtain business in the South American nation.

See: Keppel O&M sanctioned 17 current, former employees over Brazil bribery case: document

---

Related Stories

• Seatrium shakes off its past with new contracts
• Seatrium says asset-holding company to pay US$57 mil to Awilco as part of settlement for B379 newbuild contract
• New Petrobras CEO pledges investor returns after recent upheavel

---