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Business Crimes Hotline
NEW YORK
Keppel Settles Bribery Charges in the U.S.,
Singapore, and Brazil
Keppel Offshore & Marine Ltd. (“Keppel”), a Singapore-based offshore oil and gas rig company, and its wholly owned United States subsidiary, Keppel Offshore & Marine USA Inc. (“Keppel USA”), agreed to pay a $422 million penalty to the United States, Brazil and Singapore related to illegal payments made to officials in Brazil. Keppel will pay $105 million related to the United States (to include $4.7 million paid by Keppel USA), $211 million in criminal penalties to the Ministério Público Federal in Brazil, and $105 million in penalties to the Attorney General's Chambers in Singapore. To the extent Keppel does not pay the full amounts to Brazilian and Singapore enforcement authorities, the balance is to be paid to the United States Treasury.
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