SBM Offshore faces damage claim over improper sales practices in Brazil

Brazilian court has allowed the signing of a leniency agreement with the Dutch FPSO provider SBM Offshore related to corruption probe over improper payments to Petrobras’ executives. However, a new damage claim has been filed against the company’s Brazilian unit.

SBM Offshore said on Friday it had learned that following a review of the leniency agreement pending the injunction order suspending signing of the leniency agreement, the Federal Court of Accounts (Tribunal de Contas da União – TCU) decided to allow the Ministry of Transparency, Oversight and Control (Ministério da Transparência, Fiscalização e Controle – MTFC), the General Counsel for the Republic (Advocacia Geral da União – AGU) and Petrobras to move forward with the signing of the leniency agreement.

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