BOURBON: Press release : BOURBON SA involved

BOURBON: Press release : BOURBON SA involved

ID: 385769

(Thomson Reuters ONE) -



Paris, April 14, 2015



Bourbon SA involved after tax audits in West Africa


Following the arrest of the former Tax Manager of the company at the airport of
Marseille-Provence while he was returning from Africa in possession of
approximately 190,000 euros in cash in October 2012, a judicial investigation
has been initiated in Marseille.

This investigation relates in particular to allegations of bribery of public
officials in Cameroon, Equatorial Guinea and Nigeria in connection with the tax
audits of local entities in 2011 and 2012.

The former Tax Manager, who had been immediately dismissed since then, has been
placed under formal investigation, in particular for bribery of foreign public
officials. As a consequence, the legal entity Bourbon SA has today been placed
under formal investigation for the same charge, together with a guarantee of 1
million euros.

Pursuant to this procedure, after the former Tax Manager was placed under formal
investigation, some members of the Executive Management were placed under formal
investigation in April and November 2013 for complicity in bribery.

BOURBON and its Executive Management contest very strongly the charges brought
against them, and it is noted that they are entitled to the presumption of
innocence and will reserve their explanations for the judicial authorities.

The group operates in complex environments. Its activities are carried out in
strict compliance with the laws of each country and BOURBON attaches great
importance to compliance with anti-bribery regulations. Moreover, these events
have encouraged the group to strengthen its policies, procedures and training
programs in relation to ethics and compliance and in particular those regarding




the fight against bribery.

About BOURBON

Among the market leaders in marine services for offshore oil & gas, BOURBON
offers the most demanding oil & gas companies a wide range of marine services,
both surface and sub-surface, for offshore oil & gas fields and wind farms.
These extensive services rely on a broad range of the latest-generation vessels
and the expertise of more than 11,000 skilled employees. Through its 28
operating subsidiaries the group provides local services as close as possible to
customers and their operations throughout the world, of the highest standards of
service and safety.

BOURBON provides two operating Activities (Marine Services and Subsea Services)
and also protects the French coastline for the French Navy.

In 2014, BOURBON'S revenue came to ?1,346.4 million and the company operated a
fleet of 505 vessels as of December 31, 2014. Under the "BOURBON 2015 Leadership
Strategy" plan, the group has built a vast fleet of innovative, high-performance
mass produced offshore vessels.

Placed by ICB (Industry Classification Benchmark) in the "Oil Services" sector,
BOURBON is listed on the Euronext Paris, Compartment A.


Contact



Media relations agency
Publicis Consultants


Jérôme Goaer
+33 144 824 624
jerome.goaer(at)consultants.publicis.fr







PDF version:
http://hugin.info/159569/R/1911230/681850.pdf



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GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: BOURBON via GlobeNewswire
[HUG#1911230]




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Bereitgestellt von Benutzer: hugin
Datum: 14.04.2015 - 21:22 Uhr
Sprache: Deutsch
News-ID 385769
Anzahl Zeichen: 4249

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