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SBM Offshore denies corruption cover-up, threatens action against former employee

( February 7, 2014, 18:00 GMT | Official Statement) -- MLex Summary: SBM Offshore today denied allegations of attempting to cover up potential corruption involving the firm’s sales agents, after the claim was made in a document posted on Wikipedia by an unnamed former employee. The company said the employee previously "attempted extortion" by threatening to publish material, which SBM said was "illegally obtained or retained" and based on their interpretation of events, unless the company paid them 3 million euros. SBM said it will be "taking steps" against the ex-employee. SBM's ongoing probe centers on potentially improper payments in "two countries in Africa" and "one other country outside of Africa."Full statement follows. ...

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