Global Investigations Review - The law and practice of international investigations

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Wednesday, 14 October 2020

Seven charged with Keppel-linked corruption in Singapore

Prosecutors in Singapore have charged seven individuals linked to infrastructure company Keppel with corruption-related offences, according to reports.

Prosecutors reportedly allege that three individuals received S$879,900 (US$648,000) in bribes from three subcontractors between 2014 and 2017. The six defendants allegedly planned to share the proceeds. 

The seventh defendant was charged over allegations he accepted S$15,100 in bribes in return for falsifying invoices.

All seven individuals are due to reappear in court in November. They have not commented publicly on the matter.

Keppel FELS’s parent company, Keppel Offshore agreed a US$422 million settlement with authorities in Singapore, the US and Brazil in 2018 to resolve allegations it bribed Brazilian officials.

Germany proposes new anti-money laundering law

Germany’s federal government has approved a bill designed to reinforce prosecutors’ powers to tackle money laundering offences.

The government announced the bill on 14 October and said it will allow any crime to be considered a predicate offence to money laundering.

“The only decisive factor will be that an asset has been obtained through some criminal act, whether through drug trafficking, protection racketing, human trafficking, fraud or embezzlement,” the government said.

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