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Keppel O&M sanctioned 17 current, former employees over Brazil bribery case: document

EunoiaJAYCEE

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(Reuters) - Keppel Corp's rig-building unit has taken disciplinary action against 17 current and former employees as part of its Brazil bribery case, a U.S. court document showed, including $8.9 million of financial sanctions, demotions and departures.

The measures were revealed after the Singapore-based company agreed to pay $422 million to settle charges it bribed Brazilian officials, including some at state-run oil company Petrobras.

Singapore authorities are investigating individuals involved.

In the document seen by Reuters, U.S. authorities listed remedial measures taken by Keppel Offshore & Marine as part of 'relevant considerations' toward the deferred prosecution agreement the firm signed as part of the settlement.

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