An oil and gas or mining company can avoid all kinds of reputational and legal challenges by swearing off deals with certain corruption warning signs. This month’s developments in an evolving scandal might have Royal Dutch Shell wishing it had done so.
Entries in Och-Ziff (13)
The son of a former Prime Minister of Gabon pleaded guilty in federal court Friday to conspiring to violate the Foreign Corrupt Practices Act by bribing government officials in Africa.
Two recent enforcement actions included disgorgements to the SEC that are among the ten biggest FCPA disgorgments of all time.
Last week's $412 million enforcement action against Och-Ziff Capital Management Group landed fourth on our list of the ten biggest FCPA cases of all time.
Och-Ziff Capital Management Group resolved one of the biggest FCPA enforcement actions ever Thursday, agreeing to pay the DOJ and SEC $412 million for criminal and civil violations.
International success now depends on business leaders having "the foreign policy acumen to distinguish what they can and cannot do,” according to John Chipman, the director-general and chief executive of the International Institute for Strategic Studies.
A Gabon national was arrested Tuesday and charged with conspiracy to bribe officials in at least three African countries to help win mining rights for a joint venture involving U.S. hedge fund giant Och Ziff.
Och-Ziff Capital Management Group LLC said Tuesday it has doubled its reserve for an FCPA settlement to more than $400 million.
Och-Ziff Capital Management Group LLC said Tuesday it has reserved $200 million for a settlement of Foreign Corrupt Practices Act offenses arising from alleged bribes in Libya.
Libya's sovereign wealth fund has filed a $1.5 billion lawsuit against Société Générale S.A., accusing it of funnelling tens of millions in bribes to associates connected to former Libyan dictator Muammar Gaddafi.