One of the world’s biggest shipbuilders agreed Friday to pay $75 million in total penalties to resolve criminal FCPA offenses in Brazil.… Continue Reading
The former CEO and former chief operations officer of Monaco-based Unaoil pleaded guilty in March to arranging millions in bribes to officials in at least ten countries, and a former Unaoil business development director pleaded guilty in August last year, the DOJ said Wednesday.… Continue Reading
Multinational companies regularly hire agents and fixers to help them win lucrative business in complex or unfamiliar environments. These intermediaries, who include both established firms and well-connected individuals, provide introductions to decision-makers, intelligence on how to secure a contract, and an on-the-ground presence in far-flung lands.… Continue Reading
One of four individuals charged in the UK as part of the corruption investigation into Unaoil pleaded guilty this week to conspiracy to pay bribes.
Basil Al Jarah, 70, described by prosecutors as “Unaoil’s former partner in Iraq,” pleaded guilty to five charges in Southwark Crown Court in London on July 15.… Continue Reading
TechnipFMC plc, an oil and gas services company headquartered in London, agreed Tuesday to pay criminal penalties of $296 million to resolve violations of the Foreign Corrupt Practice Act in Brazil and Iraq.… Continue Reading
London-based TechnipFMC plc said in an SEC filing Wednesday that it has set aside $280 million for a settlement of bribery-related offenses with authorities in the United States, Brazil, and France.… Continue Reading
The former global head of sales for Petrofac International Limited pleaded guilty Wednesday to UK Bribery Act violations related to over $50 million in bribes involving projects in Iraq and Saudi Arabia. … Continue Reading
The UK Serious Fraud Office said Tuesday it has brought more charges against two individuals already facing trial as part of the Unaoil investigation.
Basil Al Jarah and Ziad Akle were both charged last week with conspiracy to give corrupt payments.… Continue Reading
Amsterdam-based Core Laboratories N.V. said in a U.S. securities filing Monday that the DOJ and SEC have both closed investigations into the company’s dealings with Unaoil and won’t bring any enforcement action.… Continue Reading