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Keppel Offshore & Marine sued by investment funds over million-dollar compensation

Keppel Offshore & Marine is being sued by the eight funds managed by investor EIG, with a claim of almost USD 820 million in a dispute over fraud with participation from Petrobas, among others. Keppel sees low risk of a court ruling against the company.

Keppel, Singapore. | Photo: PR / Keppel

EIG Management, investor in the energy sector, demands a total of USD 820 million in compensation from Keppel Offshore & Marine, a subsidiary of Singaporean Keppel Corporation, which is listed on the Singapore Stock Exchange.

The claim is outlined in an update to the stock exchange in Singapore.

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