Singapore charges two execs linked to offshore company Seatrium with bribing Brazilian officials about S$59m

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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...

Home minister cites 3.5 million foreigners as reason to stop automatic citizenship for permanent residents’ kids, insists won’t make them statelessLee Fook Kang and Wong Weng Sun at the State Courts on March 28, 2024. — CNA pic via TODAYSINGAPORE, March 28 — Two senior executives from offshore and marine company Seatrium and its subsidiary were charged in court on Thursday with corruption offences involving the alleged payment of some S$59 million in bribes in Brazil.

• Gratification of not more than US$1,169,590.64 to one or more Brazilian politicians in 2010 as an inducement to advance the business interests of Jurong Shipyard in Brazil For this last charge, these contracts were intended to be awarded by oil-rig supplier Sete Brasil Participacoes to EJA as a reward for assisting the subsidiary with winning these contracts. Between 2012 and 2014, gratifications not exceeding a total of about S$52.4 million — paid in three tranches in US dollars, euros, and Brazilian reals each — were allegedly given to de Jesus corruptly.

Under a DPA, the Public Prosecutor can agree to defer a company’s charges if it agrees to certain conditions.CPIB said a portion of this amount would be used to offset several settlement payments Seatrium had reached with Brazilian authorities — the Brazilian Attorney-General’s Office, Comptroller General of the Union, and Public Prosecutor’s Office in Brazil.

 

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