Two Singaporean execs linked to offshore company Seatrium charged with corruption; allegedly paid about S$59m in bribes in Brazil

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SINGAPORE, March 28 — Two senior executives from offshore and marine company Seatrium and its subsidiary were charged in court on Thursday (March 28) with corruption offences...

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• Gratification of not more than US$1,905,345 in total to one or more officers of Brazilian petroleum company Petroleo Brasileiro on four occasions between 2010 and 2012 as a reward to advance the business interests of Jurong Shipyard in Brazil • In 2010, the pair also allegedly conspired to give de Jesus monetary rewards totalling up to 2.5 per cent of the contract sums associated with contracts relating to drilling rig units

De Jesus’ prosecution was connected to Operation Car Wash, launched in Brazil in 2014. It was the country’s biggest anti-graft crackdown, resulting in its former president Luiz Inacio Lula da Silva being jailed.According to the AGC and CPIB, that the Public Prosecutor is now in discussions with Seatrium concerning a deferred prosecution agreement regarding the alleged corruption offences that occurred in Brazil.

 

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