The USD 422 million court settlement by Singapore-based Keppel Offshore and Marine with the US Department of Justice followed a guilty plea and cooperation deal by a former Keppel lawyer, according to Reuters.
Keppel settled on charges that it bribed Brazilian officials in the Petrobas bribes-for-inflated-contracts corruption scheme.
Unsealed court documents in federal court in Brooklyn show that lawyer Jeffrey Chow admitted in August to conspiring to violate America’s foreign Corrupt Practices Act when he drafted contracts that were used to pay bribes.
Chow, who is awaiting sentence, is an US citizen with residence in Singapore. The bribes covered 13 contracts with Brazil’s state oil firm Petrobas and Sete Brasil, an oil rig company.
Sea News, January 1