Skip to main content
Menu Icon Menu Icon
Close

FCPA Scorecard Blog

Foreign Corrupt Practices Act & Anti-Corruption

Filter

Subscribe to our FinCrimes Update for news about the Foreign Corrupt Practices Act and related prosecutions and enforcement actions.

  • Two Former SBM Offshore Executives Plead Guilty to FCPA Violations

    The Department of Justice announced last week that two former executives of SBM Offshore (“SBM”), a Dutch oil and gas services company, pleaded guilty in U.S. District Court for the Southern District of Texas. Anthony Mace, SBM’s CEO from 2008 to 2011, and Robert Zubiate, a former U.S.-based sales and marketing executive, admitted their involvement in a scheme to bribe government officials in Brazil, Angola, and Equatorial Guinea. The government’s allegations relate to payments made and kickbacks provided to foreign officials in exchange for their assistance in securing contracts in those countries.

    Zubiate is scheduled for sentencing on January 31, 2018, and Mace is scheduled for sentencing on February 2, 2018.

    Click here for FCPA Scorecard’s prior coverage of this matter.

    DOJ SBM Offshore N.V. Bribery

    Share page with AddThis
  • DOJ Reopens SBM Offshore Bribery Probe

    On February 10, 2016, Dutch oilfield company SBM Offshore announced that the U.S. DOJ has now re-opened its investigation into allegations that SBM paid bribes to secure contracts in various countries around the world.   SBM stated that the DOJ has made “information requests” in connection with the bribery investigation and that SBM is “seeking further clarification about the scope of the inquiry.” SBM previously had reached a $240 million settlement with Dutch authorities in November 2014 to resolve allegations involving bribes to government officials in Angola, Brazil, and Equatorial Guinea between 2007 and 2011.  At the time, SBM announced that the DOJ had simultaneously closed its investigation into the same matter.  Its most recent announcement, however, shows that the U.S. government has rekindled its inquiry. SBM also announced that it has reserved $245 million to cover a possible settlement with Brazilian authorities.  This announcement comes on the heels of a January 2016 settlement between the Ministerio Publico Federal (MPF), Brazil’s Public Prosecutor’s Office, and SBM’s CEO and a member of SBM’s supervisory board apparently tied to the ongoing Petrobras scandal in Brazil. Click here to view previous FCPA Scorecard coverage of the SBM investigation.

    SBM Offshore N.V.

    Share page with AddThis
  • Two SBM Offshore Leaders Settle Allegations Tied to Petrobras Probe in Brazil

    On January 22, 2016, the Ministerio Publico Federal (MPF), Brazil’s Public Prosecutor’s Office, reportedly entered into a settlement with Dutch drilling company SBM Offshore’s CEO and a member of its supervisory board, resolving misdemeanor allegations apparently tied to the ongoing Petrobras probe in Brazil.  If the settlement is approved by the Brazilian judge handling the case, both individuals will be fined approximately $60,000 each, with no admission of guilt. SBM Offshore stated in response that while it “believes that accepting the settlement offers a pragmatic opportunity to expeditiously resolve this matter that avoids long and costly legal proceedings,” it remains of the opinion that the accusations are without merit and that it stands behind both individuals.  While SBM Offshore declined to comment on the specific accusations of misconduct in this case, the settlement comes a little over a year after SBM Offshore resolved an enforcement action in the Netherlands involving alleged bribes in Angola, Brazil, and Equatorial Guinea between 2007 and 2011. Click here to view previous FCPA Scorecard coverage of SBM Offshore and Brazil’s Petrobras investigation.

    Brazil Petrobras SBM Offshore N.V.

    Share page with AddThis
  • Brazil Charges 12 Individuals in Connection with Petrobras Investigation

    On December 21, Brazilian officials charged twelve individuals with corruption-related offenses in connection with a probe into the relationship between Petrobras and Dutch oilfield company SBM Offshore N.V.  Those charged include several former SBM Offshore executives, former SBM Offshore sales agents, and several former Petrobras executives. News reports state that the charges center on $46 million in allegedly corrupt payments made between 1998 and 2012. On December 17, SBM Offshore issued a statement that referred to ongoing discussions with Brazil’s Comptroller General’s Office and Attorney General’s Office to reach a settlement agreement and to secure disclosure of information relevant to the ongoing investigation into Petrobras.  Brazil’s actions follow SBM Offshore’s prior settlement with Dutch authorities over allegations that it bribed officials in Brazil, Angola, and Equitorial Guinea; SBM Offshore agreed to pay the Dutch Public Prosecutor’s Office $240 million as part of the settlement.  The company also had announced the conclusion of the DOJ’s investigation into the matters resolved with the Dutch.  Previous FCPA Scorecard coverage of SBM Offshore settlement and the Petrobas investigation can be found here and here.

    Brazil Petrobras SBM Offshore N.V.

    Share page with AddThis