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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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Norway issues $767,000 fine on shipping company for illegal scrapping

The Norwegian Maritime Authority charged a Singapore company with NOK 7 million for violating the Pollution and Criminal Code after it attempted to sail the ship Harrier for illegal scrapping. The fine has already been paid since Wirana Shipping CPL had provided financial security for the ship as decided by the Oslo District Court when the ship was to sail from Norway in July 2018.

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