Corruption
-
Americas
Police probe Keppel’s Brazilian business connections
Prosecutors in Brazil are investigating possible bribes paid off contracts signed by state-run oil company Petrobras and shipbuilder Sete Brasil…
Read More » -
Americas
Coalition formed to sue Petrobras on behalf of Europe-based investors over corruption scandal
Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based…
Read More » -
Africa
Saipem’s Algerian subsidiary fined €34,000 for inflating contract prices
Saipem Contracting Algérie, part of Italy’s Saipem group, has been fined €34,000 by the Court of Algiers for inflating prices…
Read More » -
Americas
Former international head of Petrobras handed 12-year jail term for corruption
The former head of Petrobras’ international division was jailed for more than 12 years on Monday for his role in…
Read More » -
Americas
Panamanian law firm suspected of aiding money laundering in Petrobras affair
A Panamanian law firm is being looked at as a likely facilitator of money laundering pertaining to the Petrobras corruption…
Read More » -
Americas
SBM Offshore settles with Brazilian court in Petrobras scandal
SBM Offshore’s CEO and another company executive have agreed an out-of-court settlement with the Brazilian public prosecutor’s office (Ministério Público…
Read More » -
Americas
Ex-chief of Petrobras claims bribe money went to election campaign of former national president
The former chairman of Petrobras says that as far back as 2006 he received kickbacks which made their way to…
Read More » -
Americas
Brazilian authorities in leniency talks with companies implicated in Petrobras scandal
In a bid to unclog the arteries of Brazilian business and trade, authorities are talking deal with 10 firms implicated…
Read More » -
Americas
Former Petrobras director given four years for rigging contract to favour Odebrecht
The former director of Petrobras’ international division, Jorge Zelada, on Tuesday was given a four-year jail sentence for his role…
Read More » -
Asia
Three ST Marine employees charged with plundering $4.5m
Three ex-Singapore Technologies (ST) Marine executives previously charged with corruption appeared in court today facing a total of 1,744 additional…
Read More » -
Americas
SBM Offshore statement endorses integrity of two officials named by Brazilian prosecutors
Dutch platform-leasing giant SBM Offshore on Sunday came out strongly in defence of two of its top officials named by…
Read More » -
Asia
What actions can you take to prevent corrupt practices?
In his concluding Splash special on corruption, Nick Fisher, the CEO of Singapore’s Masterbulk, looks at solutions. Part one can…
Read More » -
Asia
Supporting the fight against corruption
Nick Fisher, the CEO of Masterbulk, calls for an industry-wide zero-tolerance approach to corruption, warning we are all tarred by…
Read More » -
Europe
Five arrested for embezzling EU funds from Cyprus’ Dept of Merchant Shipping
Police in Limassol today arrested five people in connection with the misappropriation of €72,000 in EU funds from Cyprus’ Department…
Read More » -
Americas
Brazilian senator and billionaire banker arrested for conspiring to undermine Petrobras corruption probe
A prominent member of Brazil’s Senate and the head of a top investment bank there have both been arrested in…
Read More » -
Europe
Lunder steps down from Fredriksen Group amid corruption scandal
Jo Lunder has stepped down from his role of ceo at Fredriksen Group having been caught in the middle of…
Read More » -
Americas
Noble Corp admits link to Petrobras corruption scandal
Drilling firm Noble Corp has admitted it has done some business with an agent in Brazil who recently pleaded guilty…
Read More » -
Europe
Fredriksen Group CEO charged with corruption
Jo Lunder, CEO of the Fredriksen Group, was arrested by police in Norway late on Wednesday night and charged with…
Read More » -
Asia
Ex-Vinashinlines accountant arrested on suspicion of embezzlement
The former chief accountant of Vietnam’s Vinashin Ocean Shipping (Vinashinlines) has been arrested for his alleged involvement in misappropriating millions…
Read More » -
Greater China
Leaked minutes reveal culture of corruption and nepotism at Cosco
Cosco, China’s largest maritime conglomerate, has suffered an embarrassing leak, which lays bare the corruption and nepotism that has bedevilled…
Read More »