Texas-based Flowserve Corporation said in a securities filing Thursday that it recently received a subpoena from the SEC in an investigation of possible violations of the FCPA.… Continue Reading
Posts Tagged: Oil For Food
A court in Paris Thursday acquitted 14 companies of bribing the former Iraqi regime to win contracts under the the U.N. oil-for-food program.
Renault Trucks, Schneider Electric, and Legrand were among the companies acquitted, along with several senior managers.… Continue Reading
The court of appeal Friday upheld UK convictions against two defendants, Dennis Kerrison and Miltiades Papachristos, in the long-running Innospec bribery case.
But the justices reduced Kerrison’s sentence from four years to three.… Continue Reading
Weatherford International said it received final court approval for the $252.6 million settlement of FCPA and export offenses announced in November.
In an SEC filing, Weatherford said:
On January 17, 2014, the U.S.… Continue Reading
Weatherford International agreed Tuesday to pay $152.6 million to the DOJ and SEC for FCPA offenses in the Middle East and Africa and violation of the Iraq oil-for-food program.
The Switzerland-based company also paid $100 million for export controls violations under the International Emergency Economic Powers Act and the Trading with the Enemy Act.… Continue Reading
In July, the Paris Regional Criminal Court acquitted French oil company Total SA and its managers of foreign bribery charges in the infamous Oil For Food case.
The decision was long awaited.… Continue Reading
A French court Monday acquitted oil giant Total SA, its chief executive, a former government minister, and more than a dozen other defendants on charges of violating the U.N.’s oil-for-food program.… Continue Reading
Here’s the disclosure from Total SA’s Form 6-K (Report of Foreign Private Issuer) filed with the SEC on April 29, 2013 dealing with a criminal investigation in France of the company, its chairman and CEO, and other employees:
Several countries have launched investigations concerning possible violations related to the United Nations (UN) Oil-for-Food Program in Iraq.… Continue Reading
The Siemens enforcement action is a powerful example of what FCPA enforcement is today . . . and what it is not.
Siemens paid bribes in China, Russia, Venezuela, Mexico, Israel, Bangladesh, Nigeria, and Vietnam. … Continue Reading