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Saturday, October 19, 2019

Justice Department: Keppel Offshore & Marine to pay $422 million after alleged massive bribery scheme

By Mark Iandolo | Jan 11, 2018

WASHINGTON (Legal Newsline) — The U.S. Department of Justice announced Dec. 22 that Keppel Offshore & Marine Ltd. (KOM), a shipyard operator with headquarters in Singapore, and its wholly owned U.S. subsidiary, Keppel Offshore & Marine USA Inc. (KOM USA), will pay a total of $422 million after allegations of bribing Brazilian government officials.

Making the announcement for the Justice Department were acting assistant attorney general John P. Cronan of the department’s Criminal Division, acting U.S. attorney Bridget M. Rohde of the Eastern District of New York, and assistant director Stephen E. Richardson of the FBI’s Criminal Investigative Division.

“[This] resolution once again underscores the importance of the Department of Justice’s collaboration with foreign authorities to hold corrupt companies and individuals accountable for their crimes, while ensuring the fair and appropriate allocation of fines and penalties,” Cronan said.  “This case also represents the first coordinated FCPA resolution with Singapore and the most recent of several coordinated resolutions with Brazil.  The Criminal Division is committed to working with our international partners to ensure that honest, law abiding companies are able to compete on a level playing field across the globe.”

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