SINGAPORE — Seatrium, one of the world's largest offshore and marine engineering companies, said it believes that a corruption probe that was announced on Wednesday (May 31) relates to events that 'occurred prior to 2015' and to the Sembcorp Marine group, as Seatrium was known at the time. In a fil
SINGAPORE — Seatrium, one of the world's largest offshore and marine engineering companies, said it believes that a corruption probe that was announced on Wednesday relates to events that"occurred prior to 2015" and to the Sembcorp Marine group, as Seatrium was known at the time.
"The Company is unable to comment further at this stage as the investigations are still ongoing," said Seatrium in the filing, adding that it was"cooperating with CPIB in its investigations and will make appropriate announcements in the event of any material developments".When asked by CNA if the alleged offences by Seatrium were linked to a multimillion-dollar bribery case involving former KOM employees and Brazilian oil giant Petrobras, CPIB declined to comment.
However, on Apr 28, it said that preliminary administrative proceedings against its Brazilian subsidiary were suspended.
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