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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Dutch company pays millions of dollars in penal sanctions to settle bribery cases in Iraq

    Rocky
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    • Post n°1

    Dutch company pays millions of dollars in penal sanctions to settle bribery cases in Iraq Empty Dutch company pays millions of dollars in penal sanctions to settle bribery cases in Iraq

    Post by Rocky Thu 30 Nov 2017, 6:29 am

    [size=30]Dutch company pays millions of dollars in penal sanctions to settle bribery cases in Iraq[/size]
    30/11/2017 12:48 | Number of readings:
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    [rtl]The US Department of Justice has revealed that SBM Offshore, a  Dutch company involved in the manufacture of offshore and offshore drilling equipment, has agreed to settle the criminal charges against them in the United States and pay punitive damages of $ 328 million .[/rtl]
    [rtl]"The penalty was for the company and its US branch to pay bribes to foreign officials in Iraq, Brazil, Angola, Equatorial Guinea and Kazakhstan, in violation of the Foreign Corrupt Practices Act, while the US subsidiary admitted the guilt of the decision, " the ministry said Thursday .[/rtl]
    [rtl]"The corrupt project included some of the company's top executives, and it extended to five countries and lasted for more than a decade, " said Assistant Attorney General John P. Kornan .[/rtl]
    [rtl]"The deterrence of corporate crime requires law enforcement on multiple fronts," said US attorney Abe Martinez. "These cases include the misconduct of individuals and businesses alike, as reflected in the memoirs of the culprit. We will continue to vigorously investigate and prosecute individuals and companies who violate federal law and those who misuse our financial system to do so . "[/rtl]
    [rtl]"From 1996 to 2012, the company paid about $ 180 million in commissions to intermediaries to bribe foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq, " according to court documents .[/rtl]
    [rtl]"The company paid these payments to influence these officials, with the aim of securing improper benefits and obtaining or retaining business with the state-owned oil companies in the five named countries. The company acknowledged that it had received at least $ 2.8 billion of projects it had obtained from state-owned oil companies . "[/rtl]
    [rtl]"The company agreed to conduct quick investigations into the fraud in Kazakhstan and Iraq and to reduce the number of employees involved in its criminal conduct, " he said.[/rtl]
     

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