US judge rules in Keppel’s favour over Petrobras bribery links

A court in the US has thrown out a case linking Singapore’s Keppel Corporation to the massive bribery case that has engulfed Brazil’s Petrobras.

In June last year an action commenced by EIG Management Co and eight of its managed funds against the Brazilian energy giant, in relation to which the company and Keppel Offshore & Marine were added as defendants along with other shipyards and entities.

Keppel admitted last October that an internal investigation found certain transactions associated with Zwi Skornicki from Eagle do Brasil, an agent of Keppel FELS in Brazil, may be suspicious.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button