Japanese trading company Marubeni Corp. said it agreed to pay $54.6 million to the U.S. government for its role in the bribery of Nigerian energy officials. The U.S. Justice Department, in a statement, said four companies comprising the TSKJ joint venture, in violation of the U.S. Foreign Corrupt Practices Act, bribed government officials in Nigeria for a contract to build a liquefied natural gas plant. The joint venture hired Japanese trading house Marubeni to get engineering contracts through bribes for the LNG project planned for Nigeria's Bonny Island, the government said. Marubeni announced it entered into a deferred prosecution agreement with the Department of Justice regarding the accusations. "As part of the investigation, the (Justice Department) conducted an investigation into Marubeni, leading to entry of the agreement," the company said. "Under the agreement, Marubeni will pay $54.6 million to the (Justice Department)." The TSKJ consortium consisted of French corporation Technip, Italian company Snamprogetti, Japan's JGC Corp., and M.W. Kellogg Ltd., predecessor to Kellogg, Brown and Root. KBR in 2009 pleaded guilty for its role in the Nigerian bribery scheme. "Several" individuals have entered guilty pleas as well, the Justice Department said, adding all of the companies involved in the scheme have now been held accountable in the "massive, decade-long scheme to bribe Nigerian government officials in connection with the so-called Bonny Island project."
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:22 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:00 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:28 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor