FLORIDA ASPHALT COMPANY AGREES TO PAY $16.6 MILLION TO RESOLVE BRIBERY CASE

On 22 September, the Wall Street Journal reported that prosecutors say Sargeant Marine Inc and affiliates paid bribes to win contracts from state-controlled companies in Brazil, Venezuela and Ecuador.  It is alleged to have paid millions of dollars in bribes to government officials in Brazil, Venezuela and Ecuador to win contracts from state-controlled oil companies which helped Sargeant Marine and affiliated companies earn profits of about $38 million between about 2010 and 2018.

https://www.wsj.com/articles/florida-asphalt-company-agrees-to-pay-16-6-million-to-resolve-bribery-case-11600823217

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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