U.S. DoJ Shipyard $422mn Bribery

On Dec. 22, DoJ fined Singapore-based shipyard in bribery breach.

  • Keppel Offshore & Marine (KOM) and its US based subsidiary to pay $422mn penalty.
  • KOM is a Singapore-based company that repairs ships, owns the KOM US subsidiary.

Bribery Scheme

  • Charges arise from 10 year scheme to pay millions in bribes to pay Brazilian officials.
  • KOM violated FCPA paying bribes of $55mn to Brazilian state oil company Petrobras.
  • Also, then-governing political party, to win 13 Petrobras contracts and another entity.
  • KOM Paid and hid bribe payments by paying outsized commissions to an intermediary.


  • Defendant pleaded guilty today in Eastern District NY in connection with the resolution.
  • Also, a guilty plea by former senior member of KOM’s legal department was unsealed.
  • Total fine $422mn, also criminal penalty $105mn, including KOM UD $4.7k criminal fine.