Former Oil Servicer CEO Pleads Guilty in Petrobras Scandal

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A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds.

The former executive, Anthony Mace, appeared Thursday in federal court in Houston, where he admitted to conspiring to violate the U.S. Foreign Corrupt Practices Act. Mace’s appearance comes just days after a former sales executive of SBM, Robert Zubiate, pleaded guilty to the same charge. Mace is scheduled to be sentenced on Feb. 2.

The pleas show that the U.S., after years of investigations on three continents into the bribery scandal known as Operation Carwash, is now moving swiftly against individuals.

Zubiate, who was based in Houston and California, acknowledged having worked with two high-level executives at his company to bribe officials at Petroleo Brasileiro SA, the state-owned oil giant known as Petrobras, in order to win contracts, according to a court filing.

Read the original article here: bloomberg.com


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In : Bribery, FCPA
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