Two former executives of SBM Offshore, N.V. were sent to prison Friday for their role in bribing officials at state-owned oil and gas companies in three countries.
Former CEO of Netherlands-based SBM Offshore Anthony “Tony” Mace, 66, was sentenced to 36 months in prison and ordered to pay a fine of $150,000.
Mace, a UK citizen, was also on the board of SBM’s U.S.-based subsidiary, SBM Offshore USA Inc.
Robert Zubiate, also 66, was sentenced to 30 months in prison and ordered to pay fine of $50,000. He was a sales and marketing executive at SBM USA.
Mace and Zubiate both pleaded guilty last November to bribing officials at Brazil’s Petrobras, Angola’s Sonangol, and Equatorial Guinea’s GEPetrol.
According to Mace’s plea agreement, other employees of SBM initiated the bribes before he became CEO.
On Friday, the DOJ said Mace intentionally avoided determining the nature of the payments, and maintained a spreadsheet reflecting payments of more than $16 million to five people even though he “was aware there was a high risk those individuals were Equatorial Guinean officials.”
In November 2017, SBM agreed to pay a criminal penalty of $238 million to resolve FCPA offenses in Brazil, Angola, Equatorial Guinea, Kazakhstan, and Iraq.
The SFO charged two former SBM executives last November for allegedly funneling bribes to officials in Iraq through a Monaco-based intermediary, Unaoil.
In 2014, SBM paid Dutch authorities $240 million to settle allegations of bribery in Angola, Brazil, and Equatorial Guinea.
Harry Cassin is the managing editor of the FCPA Blog.