Floater specialist SBM Offshore has reached an out-of-court settlement with Brazilian prosecutors following accusations of alleged corruption involving its chief executive another member of its supervisory board.
Chief executive Bruno Chabas and supervisory board member Sietze Hepkema were named last year in allegations of corruption involving Petrobras contracts.
SBM revealed Monday the public prosecutor in Brazil proposed an out-of-court settlement, on a no admission of guilt basis, which Chabas and Hepkema have agreed to.
Both men will make a payment of 250,000 reais ($61,050) which SBM said would be paid by the company.
“The company emphasises that this settlement does not involve an admission of guilt and remains of the opinion that the accusations are without merit,” SBM said in Monday’s statement.
“However, SBM Offshore also believes that accepting the settlement offers a pragmatic opportunity to expeditiously resolve this matter that avoids long and costly legal proceedings and allows the company’s management team to concentrate on the business.”
The settlement, which was agreed on Friday, is still subject to approval by the judge handling the case.
石油圈
