A French engineering company is to pay £224M to settle US accusations it engaged in a decade-long scheme with a subsidiary of oil services giant Halliburton to bribe Nigerian officials to win construction contracts.
The US Justice Department said Paris-based Technip carried out the alleged bribery from 1994 to 2004 so would be handed contracts valued at more than £4bn to build liquefied natural gas facilities on Bonny Island, Nigeria.
The Justice Department’s principal deputy assistant attorney general Mythili Raman said: “The resolutions demonstrate once again the department’s commitment to aggressively investigate and prosecute international bribery by US and foreign corporations alike.”
Technip’s chairman and chief executive Thierry Pilenko said the agreement with US authorities “puts this legacy story behind us and enables us to focus on continuing to develop Technip’s business.”
“We stand by Technip’s commitment to carrying out its business activities ethically and according to both the spirit and letter of the law worldwide,” he added.
Technip has agreed to pay a £159M criminal penalty as part of a deferred prosecution agreement and a criminal information resolving charges of conspiracy and of violating the Foreign Corrupt Practices Act.