Italian oil and gas drilling contractor Saipem SpA confirmed that it is under investigation for corruption by Italian authorities for alleged payments in Algeria.
Saipem’s board said Wednesday the payments allegedly relate to conduct that occurred before 2009.… Continue Reading
A recent University of Chicago Legal Forum article looks deep into an important new enforcement trend — duplicative enforcement actions in multiple countries.
KBR’s wholly-owned subsidiary, M.W. Kellogg Limited, has settled civil corruption charges with the U.K. Serious Fraud Office.
Kellogg will pay US$11,238,886 (£7,000,028). The civil fine — similar to an SEC-imposed disgorgement — equals Kellogg’s share of dividends payable from profits generated by contracts for work on Nigeria’s Bonny Island project.… Continue Reading
Enforcement actions by the DOJ against companies and individuals are often resolved by the defendant pleading guilty to a conspiracy count. We had assumed the DOJ used conspiracy instead of substantive FCPA offenses solely to give cooperating defendants a break.… Continue Reading
There’s never been a cooperating witness in FCPA history quite like him. A former corporate top gun, a global player, a captain of industry who once led the dark side and now sits with the prosecution, helping nail industry giants and along the way putting more than a billion dollars — a billion dollars — into the U.S.… Continue Reading
Snamprogetti Netherlands B.V. and its parent company ENI S.p.A of Italy will pay $365 million to resolve FCPA-related charges for Snamprogetti’s role in the TSKJ-Nigeria joint venture.
Dutch-based Snamprogetti was charged by the DOJ in a criminal information with one count of conspiracy and one count of aiding and abetting violations of the FCPA.… Continue Reading
Paris-based Technip S.A., an engineering and construction firm that’s part of the oil and gas services industry, has resolved FCPA-related charges with the DOJ. It agreed to pay a $240 million criminal penalty and enter into a deferred prosecution agreement.… Continue Reading
A federal judge in Houston last week postponed sentencing for Albert “Jack” Stanley until September 23, 2010. The former chairman and CEO of KBR pleaded guilty in September 2008 to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and to commit mail and wire fraud.… Continue Reading