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Extractive Industries/Mining/Oil & Gas
Amsterdam, Netherlands
Nationality of Foreign Officials: Unspecified
Summary of Allegations:
A senior Italian oilman working for Eni, Diego Braghi, was allegedly bribed to leak competitors' tender documents and to rig tender committee to favor Unaoil's clients at Zubair. Core Laboratories was allegedly one of Unaoil's clients and the company's senior managers allegedly may have known or should have suspected that Unaoil may be acting corruptly.
Approximate Alleged Payments to Foreign Officials: Unspecified
Business Advantage Allegedly Obtained: Unspecified
Agencies: United States: Department of Justice
Results: Declination
Year Resolved: 2017
Compliance Monitor:
Ongoing: No
Details:
11 May 2016 - Core Laboratories disclosed in its SEC Form S-3 filing that the U.S. Department of Justice ("DOJ") has contacted the company in connection with the Unaoil investigation. Core Laboratories stated it was cooperating with the DOJ's requests for information.
04 October 2017 - The DOJ informed Core Laboratories that it closed its investigation into Core Laboratories without taking any action against the company.
Agencies: United States: Securities and Exchange Commission
Results: Declination
Year Resolved: 2018
Compliance Monitor:
Ongoing: No
Details:
11 May 2016 - Although not mentioned in Core Laboratories' SEC Filings, the SEC may be conducting an investigation in addition to the DOJ.
05 February 2018 - The SEC informed Core Laboratories that they have concluded their investigation as to Core Laboratories' connection with Unaoil and do not intend to recommend an enforcement action against the company.
Discovery Method: Media or Investigative Report
Details:
Investigative report by Fairfax Media and the Huffington Post revealed the allegations of bribery involving multinational corporations, including FMC Technologies.
Country: Unspecified