On 26 April, the Wall Street Journal reported that the company, which was acquired in 2021 by US-based Expro Group Holdings, is said to have used an agent to pay bribes to Angolan officials. Some of the funds were diverted to an official at Angola’s state-owned oil-and-gas company, Sociedade Nacional de Combustíveis de Angola EP, also known as Sonangol, to influence the award of oil-and-natural-gas services contracts, the SEC found.
https://www.wsj.com/articles/franks-international-pays-8-million-to-settle-angola-bribery-violations-cc7c9951
https://www.buymeacoffee.com/KoIvM842y
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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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