What Keppel's corruption scandal means for investors

SINGAPORE (Jan 5):  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 agent that will see it pay fines of more than US$422.2 million ($561.1 million).

While the global resolution Keppel Corporation’s offshore & marine unit Offshore & Marine has reached with the US, Brazil and Singapore draws a line under the whole episode, it has also surfaced information that casts new light on Keppel’s own efforts to investigate the bribery allegations as they unfolded.

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