Tuesday, April 20, 2021

Tag: corruption

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Maersk drawn into Petrobras bribery investigation

Maersk is accused of paying $3.4m on bribes to get shipping contracts from the Brazilian energy giant, Petrobras, which has been caught up in a multi-billion dollar bribery case for years. Namely, Maersk has confirmed that its offices in Rio de Janeiro and Sao Paulo have been searched by the Brazilian Federal Police, adding that it will fully cooperate with the authorities, in relation to the allegations regarding the payment of bribes to national oil company Petrobras over a 10-year period through to 2012.

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Samsung Heavy Industries to pay $75 million to resolve foreign bribery case

Samsung Heavy Industries Company Limited (SHI) has agreed to pay penalties amounting to more than $75 million in order to resolve a U.S. government’s investigation into violations of the Foreign Corrupt Practices Act. The Department of Justice stated that SHI paid millions of dollars to a Brazilian intermediary knowing that some of the money would be used to bribe high-level executives at Petrobras to obtain a shipbuilding contract.

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