Feb. 10, 2015, 10:58 AM
- Two major Singapore shipbuilders and three Brazilian companies with Japanese shareholders are accused of paying bribes in the Petrobras (PBR -4.1%) corruption scandal, FT reports, the first time a group of international investors has been linked to the scandal that threatens to drive Brazil’s most important company into bankruptcy.
- A former director of a leasing company in charge of supplying 29 drilling rigs for Petrobras through shipbuilders made the allegations about the companies in testimony to federal police.
- The Singaporean companies, Keppel (OTCPK:KPELF) and Sembcorp Marine (OTCPK:SMBMF), denied making illegal payments.
With a global footprint in over 30 countries, Keppel Corporation leverages its international network, resources and talents to grow its key businesses. It aims to be the Provider of Choice for Solutions to the Offshore & Marine Industries, Sustainable Environment and Urban Living, guided by its... More
Industry: Diversified Investments