InfoBytes Blog
Two Former Dutch Oil and Gas Services Company Executives Plead Guilty to FCPA Violations
The DOJ announced last week that two former executives of a Dutch oil and gas services company pleaded guilty in U.S. District Court for the Southern District of Texas. The company's CEO from 2008 to 2011 and a former U.S.-based sales and marketing executive, admitted their involvement in a scheme to bribe government officials in Brazil, Angola, and Equatorial Guinea. The government’s allegations relate to payments made and kickbacks provided to foreign officials in exchange for their assistance in securing contracts in those countries.
The former U.S.-based sales and marketing executive is scheduled for sentencing on January 31, 2018, and the company's former CEO is scheduled for sentencing on February 2, 2018.
Click here for FCPA Scorecard’s prior coverage of this matter.