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Entries in Oil For Food (59)

Tuesday
Aug042015

SEC subpoena for Flowserve in bribery investigation

Image courtesy of FlowserveTexas-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.

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Friday
Jun192015

French court clears Renault Trucks and others in oil for food case

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.

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Monday
Apr202015

Is Petrobras the SEC's new Oil-for-Food scandal?

March 15, 2015 More than a million protesters demand President Dilma Rousseff's impeachment because of the corruption scandal at Brazil's state-owned oil company, Petrobras. A compliance professional and regular reader of the FCPA Blog sent a fascinating note about the multi-billion graft scandal now brewing in Brazil involving the state-owned oil giant, Petrobras.

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Friday
Sep192014

UK appeals court upholds two Innospec executive convictions, reduces one sentence

The court of appeal Friday upheld UK convictions against two defendants, Dennis Kerrison and Miltiades Papachristos, in the long-running Innospec bribery case.

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Friday
Jan242014

Final court approval for Weatherford mega-settlement 

Photo courtesy of Weatherford InternationalWeatherford International said it received final court approval for the $252.6 million settlement of FCPA and export offenses announced in November.

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Tuesday
Nov262013

Weatherford pays $152.6 million for FCPA violations, $100 million for trade sanctions

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.

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Tuesday
Nov052013

Weatherford expects $250 million settlement

Oil field services company Weatherford International said Monday it hopes to finalize a settlement with the U.S. government of FCPA and oil-for-food violations and trading with sanctioned countries for about $250 million.

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Monday
Oct142013

French court clarifies foreign bribery law, but restricts it

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.

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Monday
Jul082013

Total SA, execs win acquittal in oil-for-food case

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.

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Monday
May062013

Weatherford uncovers 'potential violations' 

Oil field services company Weatherford International Ltd. said in its quarterly filing with the SEC Friday that it has 'uncovered potential violations of U.S. law in connection with activities in several jurisdictions.'

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Tuesday
Apr302013

Total, CEO face French criminal case

The Total building (Total HQ) in la Défense near Paris, France (photo courtesy of Wikipedia)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:

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Tuesday
Apr162013

Wal-Mart’s Victims Part II: The Discourse of White-Collar Crime

The Siemens enforcement action is a powerful example of what FCPA enforcement is today . . . and what it is not.

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