The former CEO and a marketing executive of SBM Offshore, N.V. and SBM USA, respectively, were sentenced to 36 and 30 months in prison, respectively, in connection with their guilty plea to conspiracy to violate the FCPA by bribing foreign officials in Brazil, Angola, and Equatorial Guinea in order to secure lucrative oil services contracts. The duo are also required to pay fines totaling US $200,000.
September 28, 2018
Oil services company executives receive prison terms for bribery
Related by Topic
New Post
Former Nigerian National Petroleum employee convicted for his role in a bribery scheme
September 3, 2025
News Alert
New Post
Dutch regulator imposes €2.6 million fine on online bank for AML failures
September 1, 2025
News Alert