A Canadian oil and gas company that self reported illegal payments to officials in Africa has been charged under Canada's Corruption of Foreign Public Officials Act.
Entries in Niko Resources (4)
This is the second prosecution in Canada for bribes to officials in Bangladesh.
Canada has been exceedingly slow to press bribery charges against Canadian firms operating abroad – a huge source of frustration. The good news is that forward movement is evident on several fronts.
Niko Resources, a publicly traded oil and gas company based in Calgary, was fined C$9.5 million (US$9.7 million) after pleading guilty to bribing a Bangladeshi minister.