Zwi Skornicki

Offshore & Marine

Brazil's Comptroller General initiates administrative enforcement procedure against Keppel O&M following 2017 corruption scandal

The Office of the Comptroller General of Brazil (CGU) has begun an administrative enforcement procedure against Keppel Offshore & Marine (Keppel O&M) and its other companies in relation to its bribery case in 2017.

Corruption probe

Police raid premises of SembMarine subsidiary in Brazil

SINGAPORE (July 3): Sembcorp Marine says the Brazilian federal police conducted a raid on the premises of its subsidiary Estaleiro Jurong Aracruz Ltda (EJA).

Global Economy

Briefs

SINGAPORE (July 1): “Presidential Harassment!” – US President Donald Trump’s tweet, following news that former special counsel Robert Mueller will be testifying in public on his investigations into Trump’s alleged dealings with Russia.

In print this week

Keppel facing a scandal

SINGAPORE (Jan 8): It was a blue Christmas for Keppel Corp. On Dec 23, 2017, the company said its offshore and marine arm had reached a global resolution with authorities in the US, Brazil and Singapore in relation to corrupt payments made by a former age

In print this week

What Keppel's corruption scandal means for investors

SINGAPORE (Jan 5):  It was a blue Christmas for Keppel Corp.

Broker's Calls

Keppel's long-term value intact despite being slapped with $570 mil in fines, says OCBC

SINGAPORE (Dec 26): OCBC is maintaining its longer-term "buy" rating on Keppel Corporation with upside potential of 11.1% although there is likely to be a negative knee-jerk reaction on the share price.

Keppel O&M fined US$422 mil as part of resolution over bribes for contracts by ex-agent Skornicki

SINGAPORE (Dec 23): Keppel Corporation says Keppel Offshore and Marine (Keppel O&M) has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by Keppel O&M's former agent

Keppel Corp’s internal investigations uncovers ‘suspicious’ transactions

SINGAPORE (Oct 3): Keppel Corp on Monday said that it has found certain transactions associated with Zwi Skornicki in Petrobas and Sete Brasil “may be suspicious” following further internal investigations.

Keppel denies media reports alleging top executives authorised bribes

SINGAPORE (Aug 4): Conglomerate Keppel Corp issued a statement on Wednesday night denying media allegations that its executives were involved in bribery in Brazil.
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