For many years the Dutch government lagged behind countries like the United States, the UK and Germany enforcing anti-corruption laws. But that has recently changed in a dramatic way.
Entries in SBM Offshore NV (15)
Prosecutors in Brazil and state-owned oil company Petróleo Brasileiro SA signed a settlement agreement Friday with Netherlands-based oil and gas services firm SBM Offshore NV to resolve allegations of corruption.
An Amsterdam-based oil services company said in a U.S. securities filing last week the DOJ has asked it questions in connection with the Unaoil investigation.
The chief executive of SBM Offshore, Bruno Chabas, and supervisory board member Sietze Hepkema, have reached an out of court settlement with Brazilian authorities tied to the ongoing Petrobras corruption probe, with small fines and no admission of guilt.
A former Allen & Overy partner who led the firm's Amsterdam office was among a dozen people charged last week by prosecutors in Brazil as part of the corruption investigation into Petrobras, the state-owned oil company.
Brazilian prosecutors charged 12 people Thursday after a new probe into alleged bribery involving SBM Offshore and Petrobras.
The jailed former chief of refining at Brazil's state-run oil company has reportedly confessed to taking a bribe of about $636,000 in connection with Petrobras' purchase of a refinery in Texas.
The former refining chief of Brazil's state oil company Petrobras has alleged that dozens of the country's lawmakers and top officials took bribes and kickbacks from the state-owned oil giant.