trending Market Intelligence /marketintelligence/en/news-insights/trending/3xpZkvVKgJx5JZdb1IIN8g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Keppel to pay $422.2M penalty over Petrobras bribery case

Gold RRS 2020 — Top Gold Producers' Reserves In Decline

Infrastructure Issues: Understanding and Mitigating Risks

Trade Payment Risk Is Not Necessarily Default Risk

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

Keppel to pay $422.2M penalty over Petrobras bribery case

Singapore's Keppel Offshore & Marine Ltd, or KOM, and unit Keppel Offshore & Marine USA Inc. will pay a total penalty of about $422.2 million to authorities to settle charges with the U.S., Brazil and Singapore, over links to Brazil's Petrobras scandal, the U.S. Justice Department said Dec. 22.

Keppel USA pleaded guilty to bribing Brazilian officials, in line with the resolution.

The total includes a criminal penalty of about $105.6 million due to the U.S., with $4.7 million coming from Keppel USA. KOM also settled with Brazil's Federal Public Ministry and Singapore's Attorney General's Chambers, and will pay about $211.1 million to Brazil and up to $105.6 million to Singapore.

Meanwhile, KOM entered into a deferred prosecution agreement with the Justice Department over conspiracy to violate anti-bribery provisions set by the Foreign Corrupt Practices Act. Admissions and court documents found that KOM paid out about $55 million in bribes to Petrobras executives and government officials to help win contracts.

KOM also promised to implement stricter internal checks and to fully cooperate with an ongoing Justice Department investigation.