Snamprogetti Netherlands B.V. agreed to pay the Africa Development Bank $5.7 million in penalties for bribery related to contracts for liquefied natural gas production plants on Bonny Island, Nigeria.
Posts Tagged: JGC
Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.… Continue Reading
Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.
Alberto Chiarini has been appointed Chief Financial and Compliance Officer.… Continue Reading
The only U.S.-headquartered company now on the FCPA top ten list is KBR (and its former parent, Halliburton). It landed second after paying $579 million in 2009 to settle an enforcement action for its role in the so-called TSKJ Nigeria consortium.… Continue Reading
Hobbies are important and we try to make time for ours — staring at the list of the biggest FCPA cases of all time.
Stare long enough, we’re convinced, and you can learn most of what’s important about FCPA compliance and enforcement.… Continue Reading
Two former executives of French engineering and construction giant Technip S.A. were handed light fines by a Paris court Wednesday for their role in the multi-million dollar bribery scheme to win contracts for development of the Bonny Island gas facility.… Continue Reading
A recent University of Chicago Legal Forum article looks deep into an important new enforcement trend — duplicative enforcement actions in multiple countries.
The blogs spoke loudly in an article by Leslie Wayne in the New York Times that recently highlighted FCPA enforcement against foreign companies.
Taking a page from our top ten list, Wayne said:
… Continue Reading
The companies that have reached the biggest settlements under the law, known as the Foreign Corrupt Practices Act, include Siemens, the German engineering giant; Daimler, the maker of Mercedes-Benz vehicles; Alcatel-Lucent, the French telecommunications company; and the JGC Corporation, a Japanese consulting company.