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12-02-2023, 01:52 AM
"At Keppel, it wasn’t a rogue employee. It was widespread corruption
Richard L. Cassin
January 2, 2018
Keppel Offshore & Marine acted against 17 former or current employees for their roles in the Brazil bribery scandal the company resolved in December for $422 million.
According to the plea agreement (pdf) between Keppel Offshore’s U.S. unit and the DOJ, Keppel Offshore imposed $8.9 million in financial sanctions on 12 former or current employees.
Seven employees involved in the misconduct have left the firm.
Seven others at Keppel Offshore were demoted or given written warnings for failing to detect the misconduct or take appropriate steps to mitigate corruption risks.
Jeffrey Chow, 59, a former lawyer at Keppel Offshore, pleaded guilty in August last year to an FCPA conspiracy. The American citizen worked at the company in Singapore for more than 25 years.
After his plea deal, he cooperated with the DOJ. He faces up to five years in federal prison."
https://fcpablog.com/2018/01/02/at-keppe...l%20prison.
Richard L. Cassin
January 2, 2018
Keppel Offshore & Marine acted against 17 former or current employees for their roles in the Brazil bribery scandal the company resolved in December for $422 million.
According to the plea agreement (pdf) between Keppel Offshore’s U.S. unit and the DOJ, Keppel Offshore imposed $8.9 million in financial sanctions on 12 former or current employees.
Seven employees involved in the misconduct have left the firm.
Seven others at Keppel Offshore were demoted or given written warnings for failing to detect the misconduct or take appropriate steps to mitigate corruption risks.
Jeffrey Chow, 59, a former lawyer at Keppel Offshore, pleaded guilty in August last year to an FCPA conspiracy. The American citizen worked at the company in Singapore for more than 25 years.
After his plea deal, he cooperated with the DOJ. He faces up to five years in federal prison."
https://fcpablog.com/2018/01/02/at-keppe...l%20prison.
