Rotten Company

Samsung Heavy Industries Co., Ltd.

Approved Evidence

Added to Rotten Company: 9/17/2026
Conduct/Event period: 2007–2013
Ongoing: No
Resolution status: Resolved
Resolution date: November 22, 2019
misconduct

Samsung Heavy Industries admitted conduct in Petrobras foreign-bribery resolution

Summary

According to the U.S. Justice Department, Samsung Heavy Industries admitted that between 2007 and 2013 it paid approximately $20 million in intermediary commissions knowing some funds would bribe Petrobras officials to secure drillship business. In November 2019 it entered a deferred prosecution agreement and agreed to over $75 million in global penalties; the DPA is not a guilty verdict. Direct DOJ release: https://www.justice.gov/archives/opa/pr/samsung-heavy-industries-company-ltd-agrees-pay-75-million-global-penalties-resolve-foreign ; deferred-prosecution agreement: https://www.justice.gov/archives/opa/press-release/file/1219891/dl

Evidence Weight
99.78
Severity: high
Recency Weight: 99.78437432370625
File Weight: 1