The UK Serious Fraud Office confirmed that it has opened a new investigation into KBR, Inc.’s United Kingdom subsidiaries for suspected bribery and corruption.
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.
First the good news. The Netherlands ranked fifth on the latest Corruption Perceptions Index, up from eighth last year, and now trailing only Denmark, Finland, Sweden, and New Zealand on the CPI.… Continue Reading
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.… Continue Reading
Unaoil said in a statement Tuesday that it has instructed its lawyers to start legal action against Fairfax Media and its partners for “malicious and damaging allegations negligently published” by them.… Continue Reading
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.… Continue Reading
We already talked about some of the biggest compliance and enforcement stories from the year just ended. Here are five more.
Four of these stories show how compliance failures can instantly damage even the world’s best-known brands, that size and power can’t always protect a company or individual, and that in today’s interlocked global economy, graft scandals can spread like a virus.… Continue Reading
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.… Continue Reading
Brazilian prosecutors charged 12 people Thursday after a new probe into alleged bribery involving SBM Offshore and Petrobras.
Former SBM chief executive officers Anthony Mace and Didier Keller were charged with corruption and racketeering along with former senior vice president Robert Zubiate.… Continue Reading
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.… Continue Reading