ALEXANDRIA, Va. (AP) — A major South Korean shipbuilder has agreed to pay a $75 million criminal fine to avoid prosecution in the U.S. for a conspiracy to bribe officials in Brazil.

Samsung Heavy Industries entered a deferred prosecution agreement Friday with federal prosecutors in Alexandria.

At a hearing, prosecutors said the shipbuilder violated the Foreign Corrupt Practices Act when company officials in the U.S. conspired to pay bribes to facilitate the sale of a deep-water oil drilling ship for use by Brazil’s state-owned oil company.

Prosecutor Jonathan Robell said half of the fine will be paid to the U.S. treasury, and half is expected to go to Brazil, which is negotiating its own agreement with the company.

If no payment is made to Brazil, then the U.S. would get the full $75 million.

Get daily news, sports, opinions, entertainment and more, delivered every morning.

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.