US Department of Justice probes SBM Offshore bribery claims

US Department of Justice probes SBM Offshore bribery claims

SBM Offshore has revealed US authorities have reopened an inquiry into bribery allegations involving the Dutch company. SBM paid out $240m in November 2014 over some $200m bribes paid in a four year period ending in 2011. It has set aside another $245m for a possible settlement in Brazil, linked to the Petrobras corruption scandal.

The US Department of Justice is probing SBM’s antics in Brazil.

“We will of course answer those questions and cooperate. At this point we are not being prosecuted. It is just a normal process which is happening,” SBM Offshore chief executive Bruno Chabas told journalists on Wednesday.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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