The corruption cases databases are a product of the staff of the International Bank for Reconstruction and Development / The World Bank. It is intended for general information purposes only. The findings, interpretations, and conclusions expressed in the Database do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Neither the World Bank Group nor its officers or employees shall be liable for any losses that may result directly or indirectly from the use of or reliance upon such information.
Bribery of foreign officials, Internal controls violations, Falsification of books and records
No admission or denial of allegations
According to the June 2011, US Report to the Organisation for Economic Co-operation and Development, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions": "On March 10, 2004, the SEC instituted settled administrative proceedings against BJ Services Company (BJ Services), for violations of the anti-bribery, internal controls, and books and records provisions of the FCPA. According to the SEC's filing, during 2001, BJ Services, through its wholly owned Argentinean subsidiary B.J. Services, S.A. ("BJSA"), made illegal or questionable payments, totaling approximately 72,000 pesos to Argentinean customs officials. Further, from 1998 through April 2002 certain undocumented or improperly characterized payments were made totaling approximately 151,000 pesos. In certain instances, entries were made in BJSA's books and records to conceal the payments. During the same period, BJ Services experienced certain breaches in the existing accounting policies, controls and procedures in certain areas of its Latin American Region." (Source: BJ Services Case Summary at 124.) Please note that as part of the Cease-and-Desist order proceedings, BJ Services Company did not admit or deny the SEC's findings. (Source: US Securities and Exchange Commission, In the Matter of BJ Services Company, Administrative File No. 3-11427, March 10, 2004.)
US Report to the Organisation for Economic Co-operation and Development, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions," Information as of May 31, 2011, BJ Services Company, at 124, accessed at http://www.oecd.org/dataoecd/18/8/42103833.pdf; US Securities and Exchange Commission, In the Matter of BJ Services Company, Administrative File No. 3-11427, March 10, 2004, accessed at http://www.sec.gov/litigation/admin/34-49390.htm.
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