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Former executives of SBM Offshore plead guilty to corruption in US court

Former executives of SBM Offshore plead guilty to corruption in US court

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A pair of former executives at Dutch oil industry services firm SBM Offshore pleaded guilty in US federal court on Friday to roles in bribing officials of foreign state-run oil companies including Brazil’s Petrobras, according to Reuters.

One-time SBM CEO Anthony Mace pleaded guilty in US federal court in Houston, Texas, to violating the Foreign Corrupt Practices Act as did Robert Zubiate, an ex-sales and marketing executive with SBM.

While the Petrobras bribes-for-inflated contracts scandal has been the most notorious, Mace is accused of also being involved with schemes to bribe officials at Angola’s Sonangol and Equatorial Guinea’s GEPetrol.

SBM has paid hundreds of millions of dollars to Dutch authorities in settlements for Petrobras-related graft and has suspended all contract tenders it has in Brazil pending the resolution of unresolved legal issues in that country.

Zubiate is scheduled to be sentenced on January 31, 2018, and Mace should be on February 2.

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Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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