Federal prosecutors say Sargeant Marine and its affiliates paid bribes between 2010 and 2018 for contracts with state-run oil companies in Brazil, Ecuador and Venezuela, netting more than $38 million in profits as a result.
September 23, 2020 at 01:21 PM
1 minute read
A major U.S. asphalt company agreed to pay $16.6 million in fines while pleading guilty to federal charges that it paid millions in bribes to officials in Brazil, Ecuador and Venezuela for almost a decade to win lucrative contracts.
The plea agreement by Sargeant Marine Inc. is part of a broader, ongoing crackdown on corrupt dealings in South America’s commodities markets.
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Sargeant Marine Inc., Boca Raton. Photo: Cathy Wilson/ALM
