US: AMEC FOSTER WHEELER ENERGY LIMITED RESOLVES FOREIGN BRIBERY CASE AND AGREES TO PAY PENALTY OF OVER $18 MILLION – PART OF US, UK, BRAZIL SETTLEMENTS

A news release from US DoJ on 25 June advised that the UK-based global engineering company has agreed to pay a penalty of more than $18 million to resolve charges stemming from the company’s involvement in a scheme to pay bribes to foreign officials in Brazil in exchange for an approximately $190 million contract to design a gas-to-chemicals complex.  In related proceedings, the company also has received provisional court approval for a settlement with the SFO in the UK and has settled with the authorities in Brazil.  Under the DPA, the DoJ will credit up to 25% of the criminal penalty owed as payments the company makes pursuant to the resolution with the SFO, and up to 33% to payments the company makes pursuant to the resolution with  Brazilian authorities. 

https://www.justice.gov/usao-edny/pr/amec-foster-wheeler-energy-limited-resolves-foreign-bribery-case-and-agrees-pay-penalty

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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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