{"id":156890,"date":"2021-12-15T04:24:07","date_gmt":"2021-12-14T20:24:07","guid":{"rendered":"https:\/\/splash247.com\/?p=156890"},"modified":"2021-12-15T16:01:48","modified_gmt":"2021-12-15T08:01:48","slug":"keppel-receives-extension-to-pay-52-7m-owed-as-part-of-brazilian-resolution","status":"publish","type":"post","link":"https:\/\/splash247.com\/keppel-receives-extension-to-pay-52-7m-owed-as-part-of-brazilian-resolution\/","title":{"rendered":"Keppel receives extension to pay $52.7m owed as part of Brazilian resolution"},"content":{"rendered":"\n<p>As part of a global resolution reached in 2017 with authorities in the US, Brazil and Singapore in relation to corrupt payments made to officials of Brazilian state-run oil company Petrobras and Brazilian politicians between 2001 and 2014, Keppel Offshore &amp; Marine (Keppel O&amp;M) received a conditional warning from the Corrupt Practices Investigation Bureau (CPIB), an agency responsible for the investigation and prevention of corruption in Singapore.<\/p>\n\n\n\n<p>The conditional warning came with a provision requiring the company to pay $52.7m within 90 days of the date of the conditional warning and another $52.7m within three years of the date of the warning.<\/p>\n\n\n\n<p>The CPIB has this week extended the deadline by six months for Keppel O&amp;M to pay the second $52.7m. The company now has until June 22, 2022 to make that payment. This is in addition to a previous one-year extension that gave Keppel to December 22 this year to complete the payment. Keppel requested the extension given that discussions with Brazilian authorities are ongoing.<\/p>\n\n\n\n<p>Under the terms of the global resolution, Keppel O&amp;M was ordered to pay a total criminal fine of $422.2m to the US, Brazil and Singapore. The conditional warning payments are part of that total criminal fine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of a global resolution reached in 2017 with authorities in the US, Brazil and Singapore in relation to corrupt payments made to officials of Brazilian state-run oil company Petrobras and Brazilian politicians between 2001 and 2014, Keppel Offshore &amp; Marine (Keppel O&amp;M) received a conditional warning from the Corrupt Practices Investigation Bureau (CPIB), &hellip;<\/p>\n","protected":false},"author":1002,"featured_media":26433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[71,80,60,63],"tags":[224,410,149],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - 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