Keppel files for S$68.4 million claim against Seatrium over Brazil corruption case

Keppel has initiated arbitration proceedings against local shipbuilder Seatrium for an S$68.4 million (US$53.33 million) claim related to a corruption crackdown in Brazil, the companies said on Tuesday (Aug 26). In 2022, Seatrium had made provisions worth S$82.4 million to pay Keppel against claims …