12/28/2017 12:42:20 PM
|written By : Team India Se|
A former lawyer at Keppel Corp's oil rig building business secretly pleaded guilty and cooperated with the United States authorities before the Singapore-based company agreed to pay US$422 million (S$565.52 million) to settle charges it bribed Brazilian officials, according to court documents.
Jeffery Chow, 59, a US citizen with a residence in Singapore, is a former senior member of Keppel Offshore & Marine's legal department.
He pleaded guilty on August 29 to conspiring to violate the Foreign Corrupt Practices Act as part of his deal to cooperate. He admitted to drafting contracts that were used to make bribe payments, according to the documents unsealed on December 26 in federal court in Brooklyn. He is to be sentenced on May 2.
The US Justice Department said Keppel paid US$55 million in bribes to officials at Petrobras and the then ruling Workers Party of Brazil between 2001 and 2014.
The bribes were paid to win 13 contracts with Petrobras and Sete Brasil Participacoes SA, a Brazilian company that commissioned a fleet of rigs for Petrobras' use, according to court records.
Keppel Offshore & Marine earned US$351.8 million through the bribery scheme, according to court papers.