Keppel Refutes Allegations it Pays Bribes to Win Contracts from Petrobras

Singapore's Keppel Corp. Ltd. issued a statement Wednesday denying allegations made by a former third-party commercial representative for the firm in Brazil that company executives, including the CEO of its subsidiary Keppel Offshore & Marine (Keppel O&M), had authorized the payment of bribes to secure contracts from state-owned Petroleo Brasileiro SA (Petobras).

Zwi Sknonicki told a judge that five leading executives authorized him to bribe public officials in exchange for Petrobras contracts that often exceeded $1 billion, according to a report by Bloomberg published Wednesday. The allegations were made by Sknonicki in criminal proceedings brought against him in Brazil.

"Keppel refers to the Bloomberg article dated Aug. 3 reporting allegations made by Mr Zwi Skornicki in criminal proceedings brought against him in Brazil. Keppel strongly denies the allegations reportedly made that Keppel executives authorized Mr Skornicki to pay bribes on its behalf," Keppel said in the press release.

It added that "none of the individuals named in the article, including the current CEO of Keppel Offshore and Marine Mr Chow Yew Yuen, have ever authorized Mr Skornicki to make any payments as bribes."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  ExxonMobil Starts Fuels Production at ... (Sep 21)
 -  How to Become a Safety Engineer (Sep 18)
 -  How to Become a Geologist (Sep 15)
 -  Oil, Gas Industry Leadership Group to ... (Sep 14)
 -  CB&I Wins China PDH Unit Contract (Sep 11)


Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Specialist
Expertise: Contracts Administration
Location: Lake Charles, LA
 
Division Order Analyst - DJ Land Administration
Expertise: Business Analyst|Commercial Management|Landman
Location: Denver, CO
 
Staff Land Analyst Job
Expertise: Lease Analyst
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours