Brazil suspends administrative enforcement procedure against 5 Keppel units

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Brazil suspends administrative enforcement procedure against 5 Keppel units
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SINGAPORE (THE BUSINESS TIMES) - The Office of the Comptroller General of Brazil (CGU) has suspended its administrative enforcement procedure (AEP) against five subsidiaries of Keppel Corp in relation to 'alleged irregularities under the Brazilian Anti-Corruption Statute'.. Read more at straitstimes.com.

SINGAPORE - The Office of the Comptroller General of Brazil has suspended its administrative enforcement procedure against five subsidiaries of Keppel Corp in relation to"alleged irregularities under the Brazilian Anti-Corruption Statute".

The AEP, which was initiated on June 11, was against Keppel Offshore & Marine , Keppel Fels, Keppel Fels Brasil, BrasFELS, and Prismatic Services. CGU had also appointed two officials to form a panel to preside over the proceedings, which would decide if any summons is to be served on the subsidiaries which would then have 30 days to file a defence.

These corrupt payments were made by Skornicki on several company projects in Brazil which were carried out with the knowledge or approval of former Keppel O&M executives.

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