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Sevan Marine Self-Reports Bribery Probe

Jaclyn Jaeger | October 19, 2015

Sevan Marine, a technology and engineering company, announced last week in a statement that it has handed over to Norwegian authorities the results of an internal investigation report regarding potential bribes paid to Petrobras to obtain business.

Sevan said that its board, in collaboration with independent corporate investigator Advokatfirmaet Selmer, initiated an independent corporate investigation in response to Brazilian media reports, indicating irregularities involving contracts awarded during 2005 to 2008. The investigation focused on “the circumstances and facts surrounding how contracts with Petrobras were obtained,” the company said. “The investigation has involved document review and searches in available files, as well as interviews with key individuals.”

According to Selmer, it is “more...

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