(Photo: Bloomberg News)
Singapore’s Keppel Corp reiterated on Tuesday its zero-tolerance stance against any form of illegal activity, including bribery and corruption, involving its employees or associates, as investigations involving scandal-plagued Brazilian oil giant Petrobras heats up.
The offshore marine giant said it would take all necessary steps to eradicate such conduct if discovered.
Keppel said since allegations were made by Pedro Jose Barusco (a former executive at Petrobras’s engineering and services division) that illegal payments were made by Zwi Skornicki in connection with contracts entered into between certain Keppel entities with Petrobras and Sete Brasil, it had put its agency relationship with Mr Skornicki on hold, pending the outcome of investigations.
Mr Skornicki was arrested in Brazil on February 22, 2016.
The original article can be found at businesstimes.com.sg