This is in addition to Seatrium already providing for the net penalty of US$57 million ($76 million) for a deferred prosecution agreement (DPA)
Citi Research analyst Luis Hilado has cut his adjusted profit forecasts for Seatrium after the group revealed new investigations into Operation Car Wash.
On June 15, Seatrium announced that the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) are conducting a joint investigation into the offences potentially committed by the group and its officers in connection with Operation Car Wash.
