Posts Tagged: Technip
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
A category in our post Where The Money Is listed big-dollar FCPA enforcement actions in the pipeline. One was French company Technip, which had just disclosed a €245 million ($330 million) provision for its role in the TSKJ Nigeria joint venture.… Continue Reading
The Justice Department on Monday described BAE’s $400 million FCPA-related settlement as one of the biggest ever.
Here, by our reckoning, are the other big payouts:
… Continue Reading
Siemens’ $800 million resolution with the DOJ and SEC in December 2008 is the most expensive so far.
French company Technip said on Friday in its fourth quarter earnings release that it has reserved €245 million for an exceptional charge related to a potential settlement of Foreign Corrupt Practices Act offenses with the Justice Department and Securities and Exchange Commission for its role in the TSKJ Nigeria joint venture.… Continue Reading
Halliburton disclosed Friday in its latest SEC filing that the U.K.’s Serious Fraud Office (SFO) may bring civil claims or criminal charges against it under various British laws. In February this year, Halliburton and its former subsidiary, Kellogg Brown & Root LLC, admitted paying Nigerian officials at least $182 million in bribes for contracts awarded between 1995 and 2004 to build liquefied natural gas facilities on Bonny Island, Nigeria.… Continue Reading