Friday, April 23, 2021

Former Sembcorp Marine consultant jailed in Brazil on corruption charges

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Singaporean rig builder Sembcorp Marine Ltd said on Friday a former consultant to the company had been convicted by a federal court in Brazil for corruption, money laundering and participation in a criminal organisation.

The conviction of Guilherme Esteves de Jesus is part of one of the largest corporate corruption probes in history, Brazil’s wide-ranging “Car Wash” investigation that was launched in 2014.

“…GDJ (Guilherme Esteves de Jesus) has been convicted by the Federal Courts of Curitiba…,” Sembcorp Marine said in a statement, adding he was sentenced to 19 years and four months in prison and was also fined.

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Sembcorp Marine reiterated that besides Martin Cheah, the former president of its Estaleiro Jurong Aracruz (EJA) shipyard, it was not aware of any other current or former employee who is a subject of the “Car Wash” investigations. Esteves de Jesus is a former consultant engaged by EJA in Brazil.

Reuters was not immediately able to contact Esteves de Jesus or Cheah for comment. A lawyer for Esteves de Jesus did not respond to a phone call outside business hours.

Shares of Sembcorp Marine were down 1.7% on Friday, extending losses for a second day.

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