Officials in Brazil Ask SBM For Help in Bribery Investigation

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s Corregedoria Geral da União - CGU, (Comptroller General’s Office), filed an inquiry against Netherland’s SBM Offshore NV for bribery allegations, but hopes the company will help the South American country in its investigation involving its oil giant, Petrobras.

“Based on results of the partial report, CGU Minister, Jorge Hage, has requested the opening up of an accountability process against the company [SBM] which could result, in the end, in the inability [by SBM] to have new contracts with Petrobras,” said the CGU in a statement released . . .

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