SBM Offshore to pay $238M as U.S. subsidiary pleads guilty for bribery

SBM Offshore USA, a subsidiary of world’s largest FPSO provider, pleaded guilty for charges of bribing foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq in violation of the Foreign Corrupt Practices Act (FCPA). The U.S. Department of Justice said on Thursday that the Dutch FPSO specialist SBM Offshore would pay a criminal penalty […]

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