Contrary to perceptions, Singapore-listed Keppel Corp's offshore marine unit, embroiled in one of the biggest corruption scandals to hit Singapore, "did not get off lightly" for receiving a conditional warning in lieu of prosecution, said Senior Minister of State for Finance and Law Indranee Rajah.

In the first comment by a government leader on the graft scandal, she told Parliament that it is being penalised more harshly under a global resolution than if the matter had been prosecuted under Singapore laws alone.

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