SBM Offshore controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Swiss bribery-probe penalty for SBM Offshore subsidiaries
Fine or penalty
In a conclusion to a legacy bribery investigation, the Swiss Public Prosecutor's Office ordered three subsidiaries of SBM Offshore to pay a criminal penalty of CHF 7 million. The penalty was announced as part of the closing of the investigation. The event concerns the subsidiaries of the company and the Swiss authorities' resolution of the matter.
The Swiss Public Prosecutor’s Office ordered three subsidiaries of SBM Offshore to pay a criminal penalty of CHF 7 million as part of the conclusion of a legacy bribery investigation.
Brazil corruption investigation
SBM Offshore was implicated in the corruption scandal involving Petrobras and the broader Lava Jato investigation in Brazil. The matter resulted in legal and reputational consequences and increased scrutiny of the company’s compliance systems, governance and international contracting practices.