The former CEO and former chief operations officer of Monaco-based Unaoil pleaded guilty in March to arranging millions in bribes to officials in at least ten countries, and a former Unaoil business development director pleaded guilty in August last year, the DOJ said Wednesday.… Continue Reading
The UK Serious Fraud Office fined FH Bertling Ltd £850,000 ($1 million) Monday for bribes to secure contracts in Angola.
The investigation and prosecution focused on Germany-headquartered FH Bertling’s involvement in an oil project in Angola and employees bribing a local state oil company official to secure $20 million in shipping contracts, the SFO said.
The SFO’s criminal investigation into corruption at FH Bertling began in September 2014.… Continue Reading
The UK Serious Fraud Office said three former FH Bertling Group senior executives and a ConocoPhillips employee were convicted Tuesday for their role in a bribes-for-contracts plot.… Continue Reading
Two former executives of SBM Offshore, N.V. were sent to prison Friday for their role in bribing officials at state-owned oil and gas companies in three countries.… Continue Reading
Three former senior employees of the F.H Bertling group who pleaded guilty to overseas bribery were given suspended jail sentences Friday in London.… Continue Reading
The UK Serious Fraud Office said Tuesday that F.H Bertling Ltd and six current and former employees were convicted of conspiracy to make corrupt payments to an agent of the Angolan state oil company, Sonangol.… Continue Reading
Halliburton’s recent decision to enter into a $29.2 million settlement with the SEC over alleged FCPA violations in Angola illustrates the challenges faced by corporate compliance officers in designing and implementing an effective FCPA compliance program.… Continue Reading
Halliburton Company paid the SEC $29.2 million in disgorgement and penalties Thursday for violating the FCPA’s books and records and internal accounting controls provisions.… Continue Reading
A former senior vice president at General Cable Corporate settled SEC allegations Thursday that he caused FCPA violations and knowingly circumvented internal accounting controls by approving excessive commission payments to a third-party agent in Angola.… Continue Reading
General Cable Corporation will pay the DOJ and SEC $75.75 million to resolve FCPA violations in Angola, Bangladesh, China, Egypt, Indonesia, and Thailand.… Continue Reading