Keppel corruption probe not yet over; former key execs reportedly arrested

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SINGAPORE (Feb 2): Keppel Offshore & Marine (Keppel O&M) might have six weeks ago reached a global resolution with authorities in the US, Brazil and Singapore in connection with a bribery scandal, but it seems the corruption probe is not yet over.

According to media reports, Tay Kim Hock, the former head of Keppel O&M’s wholly-owned subsidiary Keppel Fels Brasil, has been arrested by the Corrupt Practices Investigation Bureau (CPIB).

The former president and chief executive of Keppel Fels Brasil is understood to be out on bail, along with more than five other key executives connected with the case... (Click here to read the full story.)