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SBM Offshore reaches out of court settlement with Brazilian prosecution

Wednesday, January 27th 2016 - 08:20 UTC
Full article 5 comments

SBM Offshore’s CEO and another company executive have agreed an out-of-court settlement with the Brazilian public prosecutor’s office (Ministério Público Federal) for charges relating to the Petrobras corruption scandal. Read full article

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  • Brasileiro

    As statement of servers corrupted the unlawful practice began in 1995. In the FHC government and in 1998 was already institutionalized at Petrobras. Including President Cardoso received 100 million dollars in bribes.

    Cardoso also sold the Vale in 1997 for $ 3 billion when the market price was $ 100 billion.

    The PSDB is the most corrupt political party in the world.

    http://www1.folha.uol.com.br/poder/2016/01/1728339-ex-diretor-da-petrobras-delator-cita-propina-de-us-100-mi-a-governo-fhc.shtml

    Jan 27th, 2016 - 09:34 am - Link - Report abuse 0
  • golfcronie

    Brasso, do no repeat this as this is confidential, ALL of your political parties are corrupt whichever party you talk about.

    Jan 27th, 2016 - 10:56 am - Link - Report abuse 0
  • yankeeboy

    When bribes are required to do business in a country its hard to walk away from them.
    Its how Siemens and a lot of the EU companies get so many deals and the USA can't compete. The EU just turns a blind eye to it.

    The USA will straighten it out though.
    Corruption charges are just starting for all of these Brazilian criminals.
    Its not near done yet
    PBR et al won't be able to afford the fines

    Jan 27th, 2016 - 11:45 am - Link - Report abuse 0
  • golfcronie

    Are you saying that the USA did not enter because you had to bribe your way in? Grow up, of course the USA took advantage of it. Who would't if that was the way to do business back then. You only have to look at the Asian way of doing business.

    Jan 27th, 2016 - 01:17 pm - Link - Report abuse 0
  • yankeeboy

    I am grown up. The EU especially Germany and France don't care if companies bribe outside of the EU.
    Siemens is especially scummy but they all do it.

    Jan 27th, 2016 - 02:06 pm - Link - Report abuse 0

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