SBM Offshore earmarks $238M for DOJ bribery probe settlement

Dutch FPSO provider SBM Offshore has set aside $238 million to settle an investigation by the U.S. Justice Department for alleged improper payments made between 2007 and 2012.

The company on Monday said it had made a provision of $238 million based on advanced discussions with the U.S. Department of Justice (“DoJ”) in relation to the DoJ’s reopened investigation into “legacy issues and Unaoil.”

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