In what appears to be a first in Singapore, a conditional warning in lieu of prosecution was served on Keppel Offshore & Marine, a Singapore multinational company (Company), for corrupt payments made outside of Singapore in order to win contracts with Petroleo Brasileiro S.A., the Brazilian state-run oil company, and its related companies. Under this conditional warning, the Company undertook to pay more than US$105 million to the Singapore authorities (Conditional Warning). This appears to be the largest amount a Singapore-incorporated company has undertaken to pay pursuant to a conditional warning in lieu of prosecution.
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