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.
Any modest contributions for my time and ongoing expenses are welcomed! I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y