The Department of Justice and the Securities and Exchange Commission, in joint enforcement actions, have won the second-largest penalties — totalling $579 million — for violation of the federal Foreign Corrupt Practices Act against an American company involved in a 10-year scheme to bribe Nigerian government officials to obtain engineering, procurement and construction contracts.
Kellogg Brown & Root LLC, a global engineering, construction and services company based in Houston, entered guilty pleas to a five-count criminal information in federal court in Houston. As part of the plea agreement, KBR agreed to pay a $402 million criminal fine.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]