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Nikkei Markets

Sembcorp Marine shares plunge as Brazil scandal resurfaces

Investigations linked to massive corruption probe code-named Operation Car Wash

Should Sembcorp Marine be fined, its finances could face further pressure, analysts said.   © Reuters

SINGAPORE (Nikkei Markets) -- Shares of Sembcorp Marine plunged after the rig builder said Brazilian authorities had searched its premises, renewing concerns it could be hit with hefty fines in connection with a graft probe.

The search related to investigations of Guilherme Esteves de Jesus, a former consultant engaged by its Brazilian unit Estaleiro Jurong Aracruz, and of Martin Cheah Kok Choon, EJA's former president, the company said.

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