Seatrium agrees to pay US$110 million to Singapore public prosecutor over corruption offences in Brazil

Seatrium to Pay Fines to End Decade-Old Corruption Investigation in Brazil

Singapore-based Seatrium reports it has concluded a series of agreements related to a 2015 corruption case involving its predecessor companies. With...

Seatrium to pay $168m to Brazilian authorities, $73m to Singapore authorities to settle corruption case

No more action to be taken against company or its officers, the offshore and marine specialist said. Read more at straitstimes.com.

State-owned Singapore firm agrees to US$110 million penalty in corruption case

The settlement marks a crucial step for the state-owned company to move past a scandal involving alleged corruption in Brazil.

Seatrium agrees to pay US$110 million to Singapore public prosecutor over corruption offences in Brazil

Seatrium has also agreed to pay about US$131 million to Brazilian authorities.

Seatrium resolves fines linked to Brazilian corruption probe

Seatrium has finalised settlements with Brazilian and Singaporean authorities over its role tied to Brazil’s high-profile “Operation Car Wash investigation. The Singapore offshore and marine yard group, formerly known as Sembcorp Marine, will, under a leniency deal with Brazilian prosecutors, pay about $130m. In Singapore, a deferred prosecution agreement (DPA) requires payment of $110m, although …

Shipbuilder Seatrium to pay $188m to free itself from ‘Operation Car Wash’ scandal

Company inks leniency agreements with Brazil and deferred prosecution with Singapore