Keppel Updates on Investigations into its Petrobras/Sete Brasil Contracts

Keppel Corporation Ltd. referred Tuesday to its earlier announcement on Feb. 9, 2015 in relation to allegations made by Pedro Jose Barusco in Brazil that illegal payments were made by Zwi Skornicki in connection with contracts entered into between certain Keppel entities with Petrobras and/or Sete Brasil.

Keppel had since put the agency relationship with Skornicki on hold pending determination by the relevant authorities into the allegations made on the matter.

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.

According to recent media reports, Zwi Skornicki was arrested in Brazil on Feb. 22, 2016.

We are unable to comment further in view of the ongoing investigations in Brazil.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
US Alvarado, Texas: Senior Order Correspondent
Expertise: Logistics Management|Materials Management |Supply Chain Management
Location: Alvarado, TX
Contract Administrator
Expertise: Contracts Administration
Location: Houston, TX
Substation Compliance Coordinator Job
Expertise: Planner / Scheduler|Regulatory Compliance
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $51.03/BBL 1.51%
Light Crude Oil : $47.09/BBL 0.66%
Natural Gas : $2.93/MMBtu 1.38%
Updated in last 24 hours