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Two ex-SBM executives plead guilty in Petrobras bribery scheme

Jaclyn Jaeger | November 14, 2017

Two former executives at Dutch oil and gas services company SBM Offshore have pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act for their roles in a scheme to bribe foreign government officials in Brazil, Angola, and Equatorial Guinea.

Anthony Mace, of the United Kingdom, was SBM Offshore’s CEO from 2008 to 2011 and a former board member of one of its wholly-owned Houston subsidiaries. Robert Zubiate, of California, was a former Texas and California-based sales and marketing executive at the same subsidiary.

U.S. District Judge David Hittner of the Southern District of Texas accepted Mace’s guilty plea on Nov. 9, and Zubiate’s guilty plea on Nov. 6. Sentencing for Mace is scheduled for Feb. 2, 2018, and Zubiate for Jan. 31, 2018.

As part of his guilty plea, Mace admitted that prior to becoming CEO, other employees of the SBM Offshore entered into an agreement to pay bribes to foreign officials including at Brazil’s state-controlled oil... To get the full story, subscribe now.