SINGAPORE, Jan 13 — The Corrupt Practices Investigation Bureau (CPIB) issued stern warnings on Wednesday (Jan 11) to six ex-senior management staff of Keppel Offshore and Marine...
SINGAPORE, Jan 13 — The Corrupt Practices Investigation Bureau issued stern warnings on Wednesday to six ex-senior management staff of Keppel Offshore and Marine , for their alleged bribery of officials of Brazilian state-owned oil giant Petrobras that emerged in 2017.
In a statement on Thursday, CPIB said that it had completed its consultation with the Attorney-General’s Chambers, based on investigations into the six individuals who had allegedly conspired with each other to give bribe payments totalling about US$55 million to foreign consultants involved in KOM’s business interests in Brazil.
The culpability of the six individuals, who have not been named, the available evidence and “what is appropriate in the circumstances” were also taken into consideration, the CPIB added.over the decision to issue the six with stern warnings were mixed in their reactions. Some said it was a surprise given the nature and history of the case and one called it a a mere “slap on the wrist”.
Lawyer Amolat Singh from Amolat and Partners said that because of the multinational nature of the alleged crime, the case could involve witnesses and documentary evidence from different countries. This is because CPIB had issued a conditional warning in lieu of prosecution to the offender corporate entity for offences punishable under the Prevention of Corruption Act “based on a global resolution involving the US Department of Justice, Singapore and Brazil”.
CPIB said that the stern warnings were issued to the six “in lieu of prosecution for offences punishable under the Prevention of Corruption Act”. “Generally, stern warnings come with no conviction record, which means that they don’t have to make a declaration that they have been investigated, as there is no court conviction,” said Mr Rajan.
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