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
September 8, 2023 News Alert
Connecticut oil and gas trader charged with FCPA violations for allegedly bribing Petrobras officials
September 4, 2023 News Alert
August 30, 2023 News Alert