The Houston Chronicle reports that Nabors Industries is conducting an internal investigation in response to a federal investigation into possible violations of the Foreign Corrupt Practices Act. The article says,
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The Justice Department is investigating alleged Foreign Corrupt Practices Act violations by oil-service companies that used Panalpina [a Swiss based freight forwarder] and other brokers in Nigeria and other parts of the world, the company said.
The Securities and Exchange Commission announced in late June 2007 that it charged a former executive of Portland, Oregon-based Schnitzer Steel Industries, Inc. with violating the anti-bribery provisions of the FCPA.… Continue Reading
The U.S. Department of Justice announced on July 23, 2007 the indictment in Houston of a former executive of a subsidiary of Houston-based Willbros Group Inc. He is charged with conspiring to make corrupt payments to Nigerian officials in violation of the Foreign Corrupt Practices Act.… Continue Reading
In its first Opinion Procedure Release of 2007, the Department of Justice said it would take no action against a requestor proposing to cover some expenses for a
FCPA Violations Disclosed During Monsanto’s Pre-Acquisition Due Diligence
July 26, 2007 — The Securities and Exchange Commission has settled Foreign Corrupt Practices Act enforcement actions against Delta & Pine Land Company, a Mississippi-based cottonseed producer, and its 100% owned subsidiary, Turk Deltapine, Inc.… Continue Reading