July 18, 2017
The Compendium is a fully searchable database of international anti-bribery enforcement, providing comprehensive and detail-rich summaries of investigations and enforcement actions. Between July 1 and 14, updates were made to the following Compendium entries:
- In its most recent annual report, Amec Foster Wheeler noted that it was cooperating with informational requests from the SEC and the DOJ regarding the use of agents and/or third parties by the company’s predecessor, and that it had also disclosed information to the UK Serious Fraud Office. The SFO has now (on 11 July 2017) notified the company that it has opened an investigation into suspected offenses of bribery, corruption, and related matters.
- Swiss company Addax Petroleum was the subject of a criminal investigation by the Geneva prosecutor’s office, based on allegations that its director-general and legal director had paid bribes to foreign officials in Nigeria. The matter was announced settled on 5 July 2017, with Addax agreeing to pay a penalty worth approximately USD 32 million. No criminal intent was established, though the payments were found to have been at least inadequately documented and possibly illegal.
- Venezuela is one of more than a dozen countries in which investigations and/or prosecutions are underway stemming from the Odebrecht bribery scandal. In its most recent move on 12 July 2017, the prosecutor’s office announced that it would file charges against the wife and mother-in-law of the country’s former transportation minister, Haiman El Troudi. No details were provided other than noting the women’s connection to the former minister.
- On 6 July 2017, an appeals court in Ontario upheld the conviction and three-year sentence of Nazir Karigar, the onetime head of Indian operations for security-and-defense company CryptoMetrics Canada. Originally found guilty in August 2013, Karigar had been the first person convicted under Canada’s Corruption of Public Officials Act.
Visit the TRACE Compendium to view the complete entries, along with other updates from this month.
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