SINGAPORE - Keppel Offshore & Marine is trying to get the US federal court to dismiss a second lawsuit brought by a US fund manager to recover US$221 million (S$289.7 million) in lost investments.
In defence papers filed on March 30, the Keppel Corp unit said EIG Management has "offered no facts to support proof of intent" by Keppel O&M to defraud investors of their investment in Brazilian oil giant Petrobras unit Sete Brasil, which went bankrupt after Brazil's biggest corruption scandal was exposed in 2014.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you