“BIZARRE” CORRUPTION SCANDAL AT GERMAN CONSTRUCTION COMPANY BILFINGER

Spiegel Online on 17th June (originally published on 15th June) carried a feature saying that Bilfinger, one of Germany’s best-known construction firms, pledged to clean up its global business practices as it pivoted to the oil sector.  The troubled company had a new, British CEO and his vision to turn the company around involved transforming it from a construction company that built bridges, tunnels and dams in Germany and throughout the world into a technical services provider for industry, including for the Middle East oil sector.  The article goes on to say that a court case pitting Bilfinger against its own fired investigator involves dozens of investigative reports that a team of Der Spiegel reporters was able to evaluate.  They are said to document myriad cases of suspected corruption that have never before seen the light of day – including deals in Oman, India, Vietnam, Thailand, Bangladesh, Abu Dhabi, Russia, Poland, Austria and Brazil, some of them as recently as 2015.  The US DoJ had installed a monitor in the company in 2014 after it was forced to admit that it had bribed politicians in Nigeria, and the company is required to report every suspicion of corruption and to investigate itself.

http://www.spiegel.de/international/germany/bilfinger-corruption-scandal-involving-oman-and-a-princess-a-1213167.html#ref=rss?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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