Netherlands-based SBM Offshore included a $240 million provision in its financial statement for the first half of the year in anticipation of a potential settlement for improper sales practices.
Entries in Equatorial Guinea (10)
The Russian media boss who served as the Kremlin press secretary and helped set up the state-funded RT network has bought at least three houses in the Los Angeles area worth over $28 million, a U.S. senator said this week.
The DOJ said last week it will settle a corruption-related civil forfeiture action involving more than $70 million in U.S. assets amassed by the son of Equatorial Guinea's dictator.
Anti-bribery investigations and enforcement actions involving international mining projects are breaking out all over.
As the G20 Anti-Corruption Working Group meets in 2014 under the chairmanship of Australia, it is important that the countries make progress on their commitments detailed in the 2013-2014 G20 Anti-Corruption Action Plan.
The world keeps shrinking for Africa's kleptocrats.
The BBC reported Friday that French authorities 'have seized the Paris mansion of the son of Equatorial Guinea's leader as part of a money-laundering probe.'
France issued an arrest warrant late last month for the son of the president of Equatorial Guinea, Teodoro Nguema Obiang Mangue, known as Teodorin or Teddy.
The Justice Department said today it has filed civil forfeiture complaints against the son of the president of Equatorial Guinea to recover $70.8 million in real and personal property located in the United States.
Ken Silverstein asks in Foreign Policy why the kleptocratic regime of oil-rich Equatorial Guinea has escaped U.S. sanctions.