Singap­ore's anti-corrup­tion bureau said Saturd­ay it was invest­igatin­g the indivi­duals involv­ed, but gave no detail­sWASHINGTON: Singapore’s Keppel Offshore & Marine Ltd. (KOM) has agreed to pay $422 million in fines to the US, Brazil and Singapore to settle bribery cases involving Brazilian contracts, US officials said Friday. The investigation of bribes to Brazil government officials was conducted under a US law allowing authorities to punish American companies or companies active in the country that are guilty of corruption. Singapore’s anti-corruption bureau said Saturday it was investigating the individuals involved, but gave no details. Keppel said it cooperated fully with officials in all three countries and provided its own findings from an internal company investigation after it learned about the anomalies. “Keppel does not expect any negative impact on its ability to bid for contracts in the US, Brazil and other countries,” it added.

Source: The Express Tribune December 23, 2017 10:30 UTC