Keppel admits ‘suspicious’ payments made in Petrobras scandal

Keppel admits ‘suspicious’ payments made in Petrobras scandal

Singapore’s Keppel Corporation has admitted internal investigations have shown certain transactions associated with Zwi Skornicki from Eagle do Brasil, an agent of Keppel FELS in Brazil, may be suspicious.

Until now, the Singaporean conglomerate has constantly denied any allegations of involvement in the Petrobras corruption scandal.

Prosecutors in Brazil have been investigating possible bribes paid off on contracts signed by state-run oil company Petrobras and shipbuilder Sete Brasil Participações with Keppel FELS since February.

Keppel has previously denied paying any bribes in the notorious scheme whereby contractor firms made graft payments to get inflated contracts for business with Petrobras.

However, in June former Petrobras executive Pedro Jose Barusco Filho testified to Brazilian authorities that the agents for Keppel and another Singapore builder, Sembcorp Marine, forked out over $9.5m to Petrobras, its oil rig chartering unit Sete Brasil and Brazil’s Workers’ Party to procure 12 contracts to build drillships.

Keppel says that it has notified authorities in the relevant jurisdictions of its intention to cooperate in connection with the transactions.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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1 Comment

  1. Avatar
    Judge dredd
    October 3, 2016 at 9:05 am

    So much for integrity and a Singapore Govt linked conglomerate even…The CEO should resign!!