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Keppel Offshore to pay $422M to resolve bribery case

Jaclyn Jaeger | December 26, 2017

Singapore-based Keppel Offshore & Marine and its wholly owned U.S. subsidiary will pay a combined $422 million criminal penalty to resolve charges with authorities in the United States, Brazil, and Singapore arising from a decade-long bribery scheme.

Acting Assistant Attorney General John Cronan of the Justice Department’s Criminal Division said the case “represents the first coordinated FCPA resolution with Singapore and the most recent of several coordinated resolutions with Brazil.”

Keppel Offshore & Marine USA (KOM USA) pleaded guilty on Dec. 22 in connected with the resolution. In addition, the Justice Department also unsealed charges against a former senior member of KOM’s legal department, who pleaded guilty to one count of conspiracy to violate the FCPA on Aug. 29, 2017 in the Eastern District of New York. He is...

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