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18-01-2023, 03:03 AM
SINGAPORE — Keppel Offshore and Marine Ltd (KOM)’s corrupt actions in Brazil dealt a blow to Singapore’s reputation, and the decision not to prosecute will “cause more damage” to Singapore’s reputation than the reprehensible acts that were perpetrated, said Mr Lee Hsien Yang (LHY), former Singtel CEO and former Chairman of Civil Aviation Authority of Singapore (CAAS).
Last Thursday (12 January), the Corrupt Practices Investigation Bureau (CPIB) made a press statement about the stern warnings issued to six former senior executives of KOM after close to five years of its investigations after consultation with the Attorney General’s Chambers (AGC).
The offences relate to bribe payments to officials of Brazilian state-owned corporation Petróleo Brasileiro S.A. (Petrobras), pertaining to rigs-building contracts which Petrobras and/or its related companies had awarded to KOM.
Last Thursday (12 January), the Corrupt Practices Investigation Bureau (CPIB) made a press statement about the stern warnings issued to six former senior executives of KOM after close to five years of its investigations after consultation with the Attorney General’s Chambers (AGC).
The offences relate to bribe payments to officials of Brazilian state-owned corporation Petróleo Brasileiro S.A. (Petrobras), pertaining to rigs-building contracts which Petrobras and/or its related companies had awarded to KOM.
