Operation Car Wash

SembMarine lodges suspicious transaction report linked to ex-EJA president Martin Cheah

SINGAPORE (July 8): Sembcorp Marine (SembMarine) has lodged a suspicious transaction report linked to ex-employee Martin Cheah Kok Choon with the Commercial Affairs Department of the Singapore Police Force.

The suspicious transaction is linked to Cheah when he was president of SembMarine’s Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA) until June 2015 when his employment was terminated.

Police raid premises of SembMarine subsidiary in Brazil

SINGAPORE (July 3): Sembcorp Marine says the Brazilian federal police conducted a raid on the premises of its subsidiary Estaleiro Jurong Aracruz Ltda (EJA).

The shipyard of EJA is located in the municipality of Aracruz in the state of Espirito Santo, Brazil.

SembMarine says the search warrant was executed under Operation Car Wash, the codename for the corruption probe into Petrobras, Brazil’s national oil company, in which other companies paid officials at the oil producer to win business.

Buyer for West Rigel rig found but graft probe still weighs heavy on SembMarine

SINGAPORE (Dec 27): Sembcorp Marine's subsidiary Jurong Shipyard may have found a buyer for West Rigel, however one negative overhang looming large on the horizon is the Brazilian corruption probe.

See: Sembcorp Marine to dispose semi-submersible rig for $672 mil

So far, SembMarine has denied allegations linking it to illicit payments made to politicians in Brazil through contracts awarded by state-owned oil company Petrobras and Sete Brasil, which leases rigs to the former.

Keppel Corp denies EIG’s Petrobras allegations

Keppel Corp image

SINGAPORE (June 2): Keppel Corp on Thursday denied allegations brought about by EIG Management Co and eight of its managed funds in a US$221 million ($304 million) fraud suit against Petroleo Brasileiro SA.

Washington DC-based investment firm EIG has started legal proceedings against Petrobras in the US District Court of Columbia and added several companies, including Keppel and Keppel Offshore & Marine, as defendants.

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