Latest: Corruption and Money Laundering.

Keppel denies bribery claims against top executives.

A former representative of Keppel in Brazil testified in court that the company's CEO and other senior execs haSingapore’s Keppel Corporation is denying claims that its top executives had authorised its former agent in Brazil to give bribes to so as to garner contracts with state-owned energy organisation Petroleo Brasileiro SA.

Bloomberg earlier reported that an ex-third-party commercial representative of Keppel Brazil, Zwi Skornicki, told a judge during an ongoing corruption case of Petroleo that five top Keppel managers had permitted him to bribe public officials to secure work worth billions of dollars with Petroleo.

Keppel said in a media statement: “Keppel strongly denies the allegations reportedly made that Keppel executives authorized Mr (Zwi) Skornicki to pay bribes on its behalf. None of the individuals named in the article, including the current CEO of Keppel Offshore and Marine Mr Chow Yew Yuen, have ever authorized Mr Skornicki to make any payments as bribes.”

The company added in a statement posted on the SGX website: "Keppel reiterates its zero-tolerance stance against any form of illegal activity, including bribery and corruption, involving its employees or associates, and will take all necessary steps to eradicate such conduct if discovered. We are unable to comment further in view of the ongoing investigations."d authorised him to offer bribes to state officials to secure contracts. 

inShare 

HRM Asia - 

04 Aug 2016

Readmore: