That was when Keppel announced a global resolution reached with criminal authorities in Brazil, the United States and Singapore. Back then, Keppel had already paid some US$422 million to authorities including the US Department of Justice, and Brazil's Public Prosecutor’s Office.
Keppel Corporation's offshore and marine unit, Keppel Offshore and Marine (Keppel O&M), has reached a joint resolution with Brazilian authorities by signing a leniency agreement and by paying around US$65 million ($88.3 million), putting a conclusion to the long-running corruption case.
The settlement, with the Brazilian Attorney-General’s Office (AGU) and Comptroller General of the Union (CGU), was in relation to the corrupt payments made by Keppel O&M's former agent in Brazil, which was previously announced in December 2017.
