Dutch SBM Settles Bribery Case Out-of-Court in Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The CEO of the Brazilian operations of SBM Offshore as well as a board member working in the country have agreed to an out-of-court settlement with Brazil’s Ministerio Publico Federal (Public Prosecutor’s Office) after being accused by the government of bribing Petrobras directors to obtain contracts.

The Dutch company’s CEO Bruno Chabas and board member Sietze Hepkema are accused of paying approximately . . .

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