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Former Keppel execs arrested in Singapore over Brazil corruption scandal: report

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A number of former senior executives of Keppel Corp are reported have been arrested and bailed in Singapore over a corruption scandal involving Keppel Offshore & Marine in Brazil.

The Straits Times reported that six executives had been arrested by the Corrupt Practices Investigation Bureau (CPIB), including Tay Kim Hock, former president and chief executive of Keppel Fels Brasil, and are currently out on bail.

The former Keppel executives were reported to have been called in for questioning relating to a corruption scandal that saw Keppel agreeing to $422.2m in penalties in the US, Brazil and Singapore.

Keppel paid $55m in bribes to Brazilian state oil and gas firm Petrobras between 2001 and 2014 to help win offshore shipyard contracts.

Singapore said it was investigating individuals involved in the case in addition to the $422.2m penalty levied on the company.

There had been concerns raised in Singapore at the apparent leniency being given to executives from Keppel given the stiff sentences regularly handed down by the courts for much smaller offences. Earlier this week the mother of former Singapore national table tennis player Li Hu was jailed for six weeks for offering an SGD3,200 bribe to the technical director of the Singapore Table Tennis Association (STTA) Loy Soo Han.