Keppel to Pay $422 Million to Settle Foreign Bribery Case in U.S., Brazil and Singapore

Singapore-based shipbuilder Keppel Offshore & Marine and its U.S. subsidiary have agreed to pay a total penalty of more than $422 million to resolve charges with authorities in the United States, Brazil and Singapore related to a decade-long scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Dept. announced Friday. “The resolutions with … [Read more...]

SBM Offshore to Pay $238 Million in Bribery Case Spanning Five Countries

Netherlands-based offshore company SBM Offshore and its U.S. subsidiary SBM Offshore USA have reached an agreement to pay a criminal penalty of $238 million to resolve criminal charges in the U.S. in connection with schemes involving the bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq, the Justice Dept. announced Wednesday. SBM Offshore … [Read more...]

Top U.S. Navy Officer Sentenced in “Fat Leonard” Bribery Scheme

By Marty Graham SAN DIEGO, March 25 (Reuters) - A federal judge in San Diego on Friday sentenced a U.S. Navy captain caught in a $30 million bribery scandal to 46 months in prison, bringing to a close the case against the highest-ranking officer in the fraud scheme. Captain Daniel Dusek, 49, pleaded guilty last year to a charge of conspiracy to commit bribery after … [Read more...]

Fifth U.S. Navy Official Pleads Guilty in Singapore Bribery Scandal

By Bill Callahan (Bloomberg) -- A U.S. Navy officer pleaded guilty to bribery over allegations he gave classified information about where ships were scheduled to dock to a Singapore-based contractor in exchange for cash, gifts and prostitutes. Commander Michael Misiewicz, 48, appeared Thursday in federal court in San Diego as the last of five Naval officials charged in … [Read more...]