Seven companies involved in the oil and gas industries will pay the U.S. government a total of $236.5 million to settle corruption charges. An investigation by the SEC and the Justice Department alleges that the companies bribed overseas officials to lower customs duties, extend drilling contacts and streamline the permit process for oil drilling.
Continue reading Oil Service and Freight Firms to Pay $236.5 Million Bribery Settlement
Oil Service and Freight Firms to Pay $236.5 Million Bribery Settlement originally appeared on DailyFinance on Thu, 04 Nov 2010 22:15:00.
Filed Under: Energy, Company News