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German Engineering Firm to Pay $32 Million Criminal Penalty to Settle Bribery Charges

Thursday, December 12, 2013
Sandler, Travis & Rosenberg Trade Report

The Department of Justice announced Dec. 11 that an international engineering and services company based in Germany has agreed to pay a $32 million penalty to resolve charges that it violated the Foreign Corrupt Practices Act by bribing government officials in Nigeria to obtain and retain contracts related to the Eastern Gas Gathering System project, which was valued at approximately $387 million. The fine is part of a deferred prosecution agreement under which the company has also agreed to implement rigorous internal controls, continue cooperating fully with the DOJ and retain an independent corporate compliance monitor for at least 18 months.   An agency press release states that this agreement acknowledges the company’s cooperation and remediation efforts.

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