Friday, February 21, 2014

SBM suffered with corruption scandal

SBM Offshore, world No 2 largest FPSO contractor recently suffered in corruption case. The company declined to comment the quote in Wikipeidia.

"The company is involved in one of the biggest worldwide corporate bribery and corruption scandals in recent history, with more than US$250,000,000 of bribes and other malpractices spanning many years.

It has been alleged that SBM Offshore has paid in bribes between 2005 and 2011, more than 250 million dollars (185 million euros) in many countries. This could be seen in a document from a former employee of the company (who identifies himself as a Former Employee). According to the website of the magazine Quote SBM confirms that the document is genuine."

source: http://en.wikipedia.org/wiki/SBM_Offshore


Petrobas investigates SBM corruption claims
SBM Offshore has been accused of paying US$139mn to "employees and intermediaries" to guarantee platform supply contracts, according to state news service Agência Brasil.

Petrobras CEO Maria das Graças Foster promised a prompt outcome to the investigation.

"We have started an internal audit and the investigation is expected to last less than 30 days," Foster said. "During this time we won't give any information about the matter."

source: http://www.bnamericas.com/news/oilandgas/petrobras-investigates-sbm-corruption-claims


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