EIG Hits Keppel With $660M RICO Suit Over Brazil Bribery

Law360 (February 8, 2018, 2:15 PM EST) -- Funds managed by EIG Global Energy Partners have launched a $660 million racketeering suit in New York federal court against Keppel Offshore & Marine Ltd. over its role in a Brazilian bribery scheme connected to a failed drill ship venture, for which Keppel recently reached a $422 million criminal settlement with U.S. prosecutors.

The EIG funds are already pursuing a fraud case against the Brazilian state-owned Petroleo Brasileiro SA, or Petrobras, over the demise of Sete Brasil Participacoes SA amid the bribery scandal that rocked the...
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Case Title

EIG Energy Fund XIV, L.P. et al v. Keppel Offshore & Marine LTD.,


Case Number

1:18-cv-01047

Court

New York Southern

Nature of Suit

Racketeer/Corrupt Organization

Judge

Paul G. Gardephe

Date Filed

February 6, 2018

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