Settlements

ST-87
Bribery by Oil Services and Freight Forwarding Companies / Noble Corporation
Bribery by Oil Services and Freight Forwarding Companies
United States
Department of Justice
Nigeria
2010
11/04
Nigeria
Legal Person
Criminal
Non-Prosecution Agreement
Criminal Fine
$2,590,000.00
$2,590,000
$0
Art.16, Art.26
Art. 1, Art. 2, Art. 8
Bribery of foreign officials, Falsification of books and records, Internal controls violations
Bribery of foreign officials, Falsification of books and records, Internal controls violations
No (Customs)
According to the US Department of Justice Press Release, on November 4, 2010, "the department and Noble Corporation, a Swiss corporation, reached an agreement in which Noble Corporation admitted that it had paid approximately $74,000 to a Nigerian freight forwarding agent, acknowledged that certain employees knew that some of the payments would be passed on as bribes to Nigerian customs officials, and admitted that the company falsely recorded the bribe payments as legitimate business expenses in its corporate books, records and accounts. As part of the non-prosecution agreement entered into with the government, Noble will pay a $2.59 million criminal penalty. The non-prosecution agreement recognizes Noble's early voluntary disclosure, thorough self-investigation of the underlying conduct, full cooperation with the department and extensive remedial measures undertaken by the company. As a result of these factors, among others, the department agreed not to prosecute Noble or its subsidiaries for the bribe payments, provided that Noble satisfies its ongoing obligations under the agreement." (Source: US Department of Justice Press Release, "Oil Services Companies and a Freight Forwarding Company Agree to Resolve Foreign Bribery Investigations and to Pay More Than $156 Million in Criminal Penalties," November 4, 2010.)