The Swiss Public Prosecutor’s Office ordered three subsidiaries of Dutch oil and gas services company SBM Offshore to pay a criminal penalty of CHF 7 million (U.S. $7.6 million) as part of the conclusion of a legacy bribery investigation.
SBM Offshore first disclosed in November 2020 that three of its Swiss units were notified by the Bundesanwaltschaft (the Office of the Attorney General of Switzerland) concerning suspicion that from 2005 until 2012, these subsidiaries “failed to take all reasonable and necessary organizational measures to prevent the commission of acts of active bribery of foreign public officials.”
