Posts Tagged Brazil

Dutch Drilling Company Pays Brazil $342 Million in Corruption Settlement

Cinnaminson, NJ-  Netherlands-based drilling company SMB Offshore NV has reached a $342 million settlement with state-owned Petroleo Brasileiro SA (Brazilian Petroleum SA) following a near-complete investigation into corruption allegations.  Though at the time of the settlement no conclusive evidence was found, Brazilian investigators did find “red flags” in the Dutch

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