Nigerian Problems Trigger Another FCPA Investigation

The Houston Chronicle reports that Nabors Industries is conducting an internal investigation in response to a federal investigation into possible violations of the Foreign Corrupt Practices Act. The article says,

The Justice Department is investigating alleged Foreign Corrupt Practices Act violations by oil-service companies that used Panalpina [a Swiss based freight forwarder] and other brokers in Nigeria and other parts of the world, the company said.

In addition to Nabors, similar investigations into Nigerian operations have been announced by Transocean, GlobalSantaFe Corp., Noble Corp., Tidewater and Global Industries, among others.

View the Houston Chronicle Article here.