Keppel bribery fine puts spotlight on peer Sembcorp, shares slide
Singapore oil rig builder Keppel Corp's agreement to pay a $422 million (£315.8 million) fine to resolve charges that it bribed Brazilian officials, including people at state-owned oil company Petrobras, sent its shares tumbling and also triggered a decline in the stock price of smaller rival Sembcorp Marine on Tuesday.In the deal announced by the U.S. Justice Department on Friday, Keppel Offshore & Marine Ltd agreed to pay the combined penalty to resolve investigations by authorities
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