Three former executives of a German logistics firm and an oil company employee they bribed were sentenced to prison in London Friday, but were spared serving any jail time when the judge suspended the sentences.… 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.
Executives at Germany-headquartered FH Bertling paid around $445,000 in bribes to win a freight forwarding contract with ConocoPhillips worth $20 million.… Continue Reading
Cobalt International Energy, Inc. said in a securities filing Tuesday that the SEC has finished its second FCPA investigation into the company’s Angola operations and won’t bring an enforcement action.
Houston-based Cobalt said the SEC opened the second investigation in March 2017.… Continue Reading
Two former executives of Dutch oil services company SBM Offshore NV pleaded guilty to bribing officials at Brazil’s Petrobras and two state-owned energy firms in Africa.
Anthony Mace, 65, was SBM’s chief executive officer from 2008 to 2011.… 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.
Joerg Blumberg, Dirk Juergensen and Marc Schwieger were each given a 20 month sentence, suspended for two years, and a £20,000 ($26,000) fine.… 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 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.
The SEC said Halliburton gave business to a friend of an Angolan official.… Continue Reading
Angolan president Jose Eduardo dos Santos may have to answer questions concerning his daughter’s recent appointment as the head of state-owned Sonangol.
According to court documents seen by Reuters, Angola’s Supreme Court has asked dos Santos to respond to an inquiry into why he appointed Isabel dos Santos as CEO of the state-owned oil firm in June.… Continue Reading
The UK Serious Fraud Office Wednesday charged logistics and freight operations company F.H. Bertling Ltd and seven individuals with bribing an agent of the Angolan state oil company, Sonangol.
The defendants face one count of making corrupt payments contrary to Section 1 of the Prevention of Corruption Act 1906.… Continue Reading
A research center in Angola paid for by foreign oil companies who won the rights to some of the country’s 9.1 billion barrels of oil reserves can’t be found, Tim Fernholz reported in Quartz.… Continue Reading