Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

French firm fined £224M for bribes

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.

Readers' comments (1)

  • Barry Walton

    Is there not something perverse about a US Court fining (ie taxing) a French company for bribing Nigerian officials on behalf of an American firm? As with the recent prosecution(s) in the UK an offence was committed against a foreign country and a surcharge is levied that goes to the offender's country's treasury. The people of the offended country can only hope that they wil obtain some future spin-off but no compensation from the fine. Fine?

    B Walton

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.