DOJ Announces Latest FCPA Action Related To Nigerian Gas Pipeline Project

more+
less-
more+
less-

On December 10, the DOJ announced that a German engineering and services company agreed to resolve charges that it violated the FCPA by bribing government officials of the Federal Republic of Nigeria to obtain and retain contracts related to the Eastern Gas Gathering System (EGGS) project. The settlement is the most recent of several related to that project, and the charges are based on activities that occurred over a three-year period beginning a decade ago. In a criminal information filed in the U.S. District Court for the Southern District of Texas, the DOJ charged that the company, as part of a joint venture, conspired to make corrupt payments totaling more than $6 million to Nigerian government officials to assist in obtaining and retaining contracts. Through the joint venture the companies submitted inflated bids to cover the cost of paying bribes to Nigerian officials. The company entered into a deferred prosecution agreement, in which it admitted to the alleged conduct, agreed to pay a $32 million penalty, and consented to enhance its internal controls and retain an independent corporate compliance monitor for at least 18 months.

Written by:

Published In:

DOJ

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© BuckleySandler LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×