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SBM Offshore units hit with $7.5 million Swiss fine over bribery failures

( November 23, 2021, 12:59 GMT | Official Statement) -- MLex Summary: Three Swiss SBM Offshore subsidiaries have been fined 7 million Swiss francs ($7.5 million) by Switzerland's Office of the Attorney General over bribery in Angola, Equatorial Guinea and Nigeria. The Dutch oil-sector engineering units had serious deficiencies in their internal controls, Swiss prosecutors said today. The settlement follows previous plea deals in Netherlands, Brazil and the US over bribery issues.Statement follows....

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