Sneak peek: SembMarine comes under the pressure after Keppel's US$422 mil settlement

SINGAPORE (Jan 4): With Keppel Corp’s offshore and marine arm having reached a global resolution with authorities over corrupt payments made in Brazil, the market’s attention could now turn to Sembcorp Marine, another major SGX-listed oil rig builder that has been linked to the scandal.

Keppel Offshore & Marine’s (Keppel O&M) role in the scandal had come to light after its former agent, Zwi Skornicki, was outed by former Petrobras executive Pedro Jose Barusco for paying millions of dollars’ worth of bribes to Brazilian officials to corruptly obtain business in the South American nation.

See: Keppel O&M sanctioned 17 current, former employees over Brazil bribery case: document

---

Related Stories

• Petrobras CEO says Yemen crisis could send oil above US$90
• Ex-president of Seatrium Brazilian subsidiary Martin Cheah acquitted of corruption charges
• Petrobras lifts business plan 31% to US$102 billion in major shift

---