The latest move is on top of the 12-month extension that had been previously granted. The company had initially accepted a conditional warning of 3-years in 2017.
The Corrupt Practices Investigation Bureau (CPIB) has granted Keppel Offshore & Marine (Keppel O&M) a six-month extension to pay up the balance amount of US$52.8 million ($72.2 million).
With this, the funds will be payable on June 22 2022, instead Dec 22. The extension was granted as the company still has ongoing discussions with Brazilian authorities, Keppel Corp announced in a Dec 14 regulatory filing.
