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CPIB’s decision not to prosecute 6 former senior management staff of Keppel Offshore & Marine Ltd

CPIB’s decision not to prosecute 6 former senior management staff of Keppel Offshore & Marine Ltd

In this commentary published in Singapore Law Watch, I analyse the (Singapore) Corrupt Practices Investigation Bureau’s recent decision not to prosecute six former senior management staff of Keppel Offshore & Marine Ltd (KOM) for US$55 million in bribes paid to Brazilian officials. I argue that given the large amount of... 

Will There Really Be a Recession in 2023?

Will There Really Be a Recession in 2023?

Economists started thinking about the possibility of a recession when it became apparent that inflation wasn't a temporary but a longer-lasting phenomenon. Expectations for a recession grew as rising prices persisted despite the Federal Reserve's decision to boost interest rates. For a long time now, economists have predicted... 

Singapore’s widely touted policy of zero tolerance to corruption

Singapore’s widely touted policy of zero tolerance to corruption

Keppel’s corrupt actions in Brazil dealt a blow to Singapore reputation. The corruption was on a breathtaking scale. The facts, which were initially vehemently denied, have since been admitted by Keppel. The details are set out here in the statement of facts attached to this Deferred Prosecution Agreement. See pages 23-38... 



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