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Keppel Corp. denies media report alleging bribery by executives

Singapore Business Review

No one authorised bribes to Petrobras, it said.

Keppel Corp. has denied media reports alleging that the conglomerate's executives green-lit bribes to nab work with Petroleo Brasiliero SA.

It responded, through a regulatory filing, to a Bloomberg article dated 3 August 2016 reporting allegations made by 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 stated.

"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," it added.

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