What you need to know about Sembcorp Marine share price fall
#1 – Sembcorp Marine subsidiary under investigation
According to Sembcorp Marine, the Office of the Comptroller General of Brazil (CGU) has initiated a preliminary administrative liability proceeding against its subsidiary Estaleiro Jurong Aracruz (EJA). The CGU is Brazil’s anti-corruption agency “responsible for defending public assets” and “acts to prevent, detect and punish cases of corruption” These relate to investigations of alleged irregularities practiced by EJA, Sembcorp Marine’s shipyard in Brazil which started operations in 2014....