Brazil Prosecutors Uphold Rejection of SBM Leniency Deal

Dutch oil-ship lessor SBM Offshore NV said on Thursday that Brazilian prosecutors have confirmed their Sept. 1 decision to reject a $328.2 million leniency deal to avoid prosecution for corruption related to contracts with state-led oil company Petrobras.

 

The Brazilian Fifth Chamber for Coordination and Review and Anti-corruption has now referred the matter to the Higher Council of the public prosecutors office for further consideration.