SBM Offshore
is paying a $240 million fine to settle with the prosecution. This has been
announced by both the prosecution and the company. It concerns bribes paid to officials in
Angola and Equatorial Guinea between 2007-2011.
Bribes were probably paid in Brazil as well. There are further questions about possible
bribes paid in Malaysia, Iraq, Kazakhstan, and Italy. The accounting firm of SBM Offshore who
approved the annual accounts is KPMG.
Earlier, KPMG was involved in the corruption scandal of the building
company, Ballast Nedam.Saturday, November 15, 2014
Offshore Company pays $240 Million Fine after Corruption Discovered
SBM Offshore
is paying a $240 million fine to settle with the prosecution. This has been
announced by both the prosecution and the company. It concerns bribes paid to officials in
Angola and Equatorial Guinea between 2007-2011.
Bribes were probably paid in Brazil as well. There are further questions about possible
bribes paid in Malaysia, Iraq, Kazakhstan, and Italy. The accounting firm of SBM Offshore who
approved the annual accounts is KPMG.
Earlier, KPMG was involved in the corruption scandal of the building
company, Ballast Nedam.
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