Switzerland charges Trafigura for historic bribery
“For the first time, the Federal Criminal Court is called upon to judge the criminal liability of a company for bribery of foreign public officials,” the OAG said.
corruption
Keppel O&M says it has fully paid $65m in fines to Brazil authorities
Keppel Offshore & Marine (Keppel O&M) said on Monday that it has made full payment of the fines and damages payable worth 343.6 million reais (US$65 million) to Brazil under a leniency agreement that had been set out earlier.
Former Keppel O&M management warned over Petrobras bribery scandal
Singapore’s Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six ex-senior management staff of Keppel Offshore & Marine for their alleged bribery involving contracts with Brazil’s state-owned oil company Petrobras.
Nine arrested in alleged Petronas corruption case
A junior-level executive of Petronas Carigali is among nine individuals held by the Malaysian Anti-Corruption Commission (MACC) since last Friday to assist an investigation into corruption involving projects at the upstream subsidiary of the state-backed energy company.
Petronas confirms executive arrested on corruption suspicions
Malaysia’s national energy company Petronas has confirmed that one of its junior level executives has been arrested by the Malaysian Anti-Corruption Commission (MACC) for suspected graft. The news underscores that the risk of corrupt practises remains high at Petronas.
Nilepet head sacked amid complaints
The head of South Sudan’s Nilepet has stepped down after mounting criticism of his work.
Wood settles bribery cases for £127.5m
Engineering and consultancy firm Wood said tonight it had agreed to settle legacy bribery and corruption investigations in Brazil, the UK and US for £127.5 million.
Aker Solutions manager charged in Malaysia over alleged false documentation
A Malaysian manager at Norwegian energy services company Aker Solutions was charged Friday for allegedly making false statements in order to win Petronas licenses in Malaysia.
Aker Solutions manager expected to be charged in Malaysia
A senior executive at Norwegian energy services company Aker Solutions is expected to be charged today for allegedly making false statements in order to win Petronas licenses in Malaysia.
Former BP director set to be jailed in Singapore for corruption
A former director of BP’s marine fuels business in Singapore has been sentenced to 54 months in jail and ordered to pay about US$4.7 million for his role in a graft case involving close to US$4 million (S$5.3 million) while working for the supermajor.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
Energy directors must ask questions of their subsidiaries
“The child gold-diggers”. That was the title of a recent Sunday Times feature, which tracked illegally mined gold from the child miners of Ghana to the “clean” gold markets of Europe, via the Dubai gold souk.
SBM Offshore hit with fresh corruption suspicions from Swiss prosecutor
SBM Offshore is seeking clarity from the Swiss Federal Prosecutor after it brought fresh suspicions of corruption against the Dutch contractor.
P&ID ordered to pay Nigeria legal costs
A UK court has ordered P&ID to pay £1.5 million to Nigeria as an interim payment to cover costs involved with litigation around a proposed gas-processing plant in Cross Rivers.
Presidential win for Algerian political insider spurs new unrest
A veteran Algerian politician won a presidential election spurned by most voters, giving fresh impetus to protests demanding a complete revamp of the OPEC member’s political system.
Hawks arrest ANC MP over Eskom probe allegations
South Africa’s Hawks police squad has arrested a former minister Bongani Bongo, and MP from the ruling African National Congress (ANC) party, over alleged improprieties at the Eskom power utility.
Gunvor failed to prevent bribery in West Africa
The Office of the Attorney General (OAG) of Switzerland has ordered Gunvor to pay almost 94 million Swiss francs ($94.7mn) for failing to prevent corruption in Congo Brazzaville and Cote d’Ivoire.
US sanctions South Sudanese businessmen
The US government has sanctioned two men with links to South Sudan’s oil industry.
Obiang’s cars sold in Geneva
A collection of supercars that had been owned by Equatoguinean Vice President Teodorin Nguema Obiang has been sold at auction in Geneva.
Eni offices raided in Congo graft investigation
Eni has confirmed its offices were searched as part of an investigation into alleged corruption in Congo Republic, a news report said.
Indonesian police say Interpol searching for three Sinopec execs
Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud, according to Indonesian police.
Nigerian Senate to probe allegations state oil ‘ illegally inflated funds’, sources claim
Nigeria's upper house of parliament is to investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme.
Russian oil tsar took part in sting to detain minister, claim sources
The head of Russia's biggest oil company Rosneft met with a government minister in what turned out to be a law enforcement sting operation, according to reports
Rousseff faces key vote as her future remains on line
Senators in Brazil have started a debate on whether to oust President Dilma Rousseff, a movement that has built up steam and turned into a referendum on her leadership amid several crises facing Latin America’s largest nation.
Scottish Government investment agreement firm ‘faces corruption allegations’
One of the companies involved in an investment agreement with the Scottish Government is owned by a firm which was blacklisted by Norway’s oil fund because there was an “unacceptable risk that the company is involved in gross corruption”, it has emerged.