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SBM Offshore settles bribery cases

The Dutch offshore giant has reached a settlement with Dutch and USD prosecutors in cases related to the alleged payment of bribes and will pay USD 240 million, says the company.

SBM Offshore has now definitively shelved the cases related to corruption and bribes in several countries. The Dutch offshore giant has issued a statement saying that the company has settled with both the Dutch and US prosecutors in the case, which occurred from 2007 to 2011.

In this period the company paid USD 200 million in commissions to agents in Guinea, Angola and Brazil, as determined by an independent investigation back in April. It was proven in the two African countries that payments went directly to government officials, while no signs of corruption were found in Brazil.

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