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Three Swiss subsidiaries of SBM Offshore convicted of corruption offences

Christian Fernsby |
The Office of the Attorney General of Switzerland (OAG) has sentenced three Swiss subsidiaries of the multinational group SBM Offshore and ordered them to pay an amount of over CHF 7 million, including a fine of CHF 4.2 million ($4.5 million).

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These three companies failed to take all the reasonable organisational measures required to prevent the bribery, of foreign public officials in Angola, Equatorial Guinea and Nigeria.

In a summary penalty order dated 18.11.2021, the OAG sentenced the Swiss companies SBM Holding Inc. SA, Single Buoy Moorings Inc. and SBM Production Contractors Inc. SA and ordered them to pay an amount of over CHF 7 million, including a fine of CHF 4.2 million.

As a result of multiple and serious deficiencies in their internal organisation, between 2006 and the start of 2012 the three companies failed to prevent the bribery of public officials in Angola, Equatorial Guinea and Nigeria.

The Swiss subsidiaries make up the financial operations centre of the SBM Offshore group, which specialises in the design, construction and supply of maritime systems and equipment for the petroleum and gas industry.


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