September 5, 2018 / 11:08 PM / 2 months ago

SBM Offshore to pay additional fines to Petrobras

RIO, Sept 5 (Reuters) - SBM Offshore has reached a settlement to pay additional leniency fines of 200 million reais ($48.27 million) to Brazil’s state oil company Petroleo Brasileiro SA, Brazilian prosecutors said on Wednesday.

As a result of a long-running corruption investigation, the Dutch marine engineering group SBM has agreed to pay a total of 1.4 billion reais in fines and compensations for its role in the scandal. The company was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.

Federal prosecutor Rodrigo da Costa Lines told Reuters on Wednesday that this settlement allows SBM to sign new contracts with secure new contracts with Petrobras. ($1 = 4.1435 reais) (Reporting Rodrigo Viga Gaier, in Rio; Writing by Carolina Mandl; Editing by Sandra Maler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below