(Reuters) – The U.S. Securities and Trade Fee on Thursday mentioned Tenaris SA, a maker and provider of metal pipe merchandise, pays greater than $78 million to resolve expenses regarding a bribery scheme involving its Brazilian subsidiary.

In line with the SEC, the bribe scheme concerned brokers and staff of the Brazilian unit in search of to win enterprise from Brazilian state-owned oil firm Petrobras, and lasted from 2008 to 2013.

Tenaris didn’t admit or deny wrongdoing in agreeing to settle expenses it violated a U.S. anti-bribery regulation, the International Corrupt Practices Act.