Singapore’s Seatrium to Pay $110 Million Over Brazil Bribes (1)

Seatrium Ltd. is expected to pay $110 million in a deferred prosecution deal with Singapore authorities to close a chapter in the long-running Operation Car Wash bribery probe in Brazil.

Under the proposed pact, Seatrium will pay $57 million to Singapore. The remaining $53 million, which it will pay to Brazilian authorities, will be credited against the penalty, the company said in a statement Thursday. Seatrium has made a S$76.5 million ($56.8 million) provision in 2023.

Seatrium last month agreed to settle the probe with Brazilian authorities for S$182.4 million. The company was formed in 2023 after Sembcorp Marine and ...