South Korean shipyard Samsung Heavy Industries has agreed to pay $75m in penalties to avoid prosecution in the United States over its scheme to pay millions of dollars in bribes to Brazilian officials to win a drillship contract from Petrobras, the US Department of Justice has said.
The company has admitted to paying $20m in commission to a Brazilian intermediary between 2007 and 2013, with much of this cash going towards bribes at Brazilian state-owned oil firm, Petrobras.
Helping refill its coffers, Samsung Heavy today revealed an unspecified owner has signed up for $1.5bn worth of the yard’s sought after LNG carriers.
Singing. Now your going to believe me.