Houston-based Key Energy Services, Inc. agreed to disgorge $5 million to settle Foreign Corrupt Practices Act offenses caused by bribes from its Mexican subsidiary to an employee at state-owned Pemex.
Entries in Pemex (12)
A Russia subsidiary of Palo Alto-based Hewlett Packard Company pleaded guilty Thursday in federal court in San Francisco to conspiracy and substantive violations of the anti-bribery and accounting provisions of the Foreign Corrupt Practices Act.
A federal appeals court Wednesday upheld the dismissal of a lawsuit by Mexico's state-owned oil company that accused Siemens and SK Engineering & Construction of bribing its officials to win refinery refurbishing work.
Mexican authorities issued an arrest warrant for the chief executive officer of Oceanografia SA, Amado Yanez, accusing him of participating in crimes at the oil services provider.
Hewlett-Packard agreed Wednesday to pay more than $108 million to settle FCPA charges brought by the DOJ and SEC.
The Securities and Exchange Commission is reportedly investigating Citigroup for accounting fraud and possible violation of the Foreign Corrupt Practices Act following the bank's disclosure of fraudulent loans in its Mexican unit.
Mexico President Enrique Peña Nieto wants to open the state oil company to private and foreign investment.
A U.S. federal judge Tuesday threw out a civil lawsuit filed Mexico's state-owned oil company Pemex against Siemens AG and a South Korea's SK Engineering that alleged bribes to Pemex officials.
Mexico's state oil giant Petroleos Mexicanos (Pemex) filed a lawsuit in U.S. federal court last week against Siemens and South Korea's SK Engineering & Construction Co. Ltd. to recover about $160 million in damages caused by their bribery.
Mexico: Pemex Sues Siemens Claiming Bribery in Old Refinery Project
Petroleos Mexicanos, Mexico’s state-owned oil company, filed a $1.5 billion lawsuit against Siemens AG and South Korea-based SK Engineering & Construction Co., claiming the companies bribed Pemex officials to win and keep refinery construction projects in 1997.
Last week Mexico's Lower House approved what may be a final legislative initiative by outgoing president Felipe Calderon.