May 19 (Reuters) – Investment administration agency EIG Management Co added Brazil’s engineering conglomerate Odebrecht SA and some different shipyards in its $221 million fraud swimsuit in opposition to Petroleo Brasileiro SA.

EIG, in a submitting on Wednesday, alleged that Odebrecht SA and different shipyards together with Petrobras misled the agency to speculate over $221 million to buy fairness in now-bankrupt Sete Brasil Participacoes SA. (http://1.usa.gov/1U0JWXs)

The different shipyards talked about within the submitting by EIG and eight of its managed funds embrace Keppel Corporation Ltd, Sembcorp Marine Ltd and Jurong Shipyard Pte Ltd.

“Through a series of misrepresentations and omissions directed at EIG, Petrobras fraudulently procured the funds’ investment and proceeded to use that money to perpetuate and expand a covert and massive corruption scheme to enrich itself and its co-conspirators,” EIG stated within the lawsuit filed within the U.S. District Court, District of Colombia, Washington.

The fraud, when uncovered in 2014, led to the collapse and chapter of Sete, EIG stated within the revised court docket submitting.

EIG, which first sued Petrobras in February, stated Petrobras based Sete in early 2010 after discovering huge oil and gasoline reserves off the coast of Brazil.

To faucet into these reserves, Petrobras required the unique use of drillships designed to function in ultra-deep waters, and to obtain drillship contracts, the shipyards and Odebrecht paid bribes and kickbacks to Petrobras executives and representatives of the Workers Party of Brazil, EIG added.

Reuters reported, in late April, that Sete Brasil was near searching for safety from collectors after its efforts to safe a long-term contract with Petrobras failed.

Odebrecht, Keppel Corp, Sembcorp Marine, Jurong Shipyard couldn’t be instantly reached for remark. (Reporting by Rishika Sadam and Sangameswaran S in Bengaluru; Editing by Sunil Nair)

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