Offshore Oil Rig Maker's Former Agent in Brazil Says Managers Authorized Bribes

摘要

Keppel Corp.'s Brazil problems just keep growing. The world's largest builder of offshore oil rigs has seen investments plummet in one of its most important markets. A major client, Sete Brasil Particip-acoes, has entered bankruptcy protection. Then in July a former agent fanned the flames of an ongoing corruption investigation by saying in court that the Singapore-based company's top managers authorized him to pay bribes to win work with state-controlled Petroleo Brasil-eiro SA.