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Aibel Group Ltd. Pleads Guilty to Foreign Bribery and Agrees to Pay $4.2 Million in Criminal Fines.

Publication: Energy Weekly News
Publication Date: 12-DEC-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Aibel Group Ltd. (Aibel Group), a United Kingdom corporation, today pleaded guilty to violating the antibribery provisions of the Foreign Corrupt Practices Act (FCPA), Acting Assistant Attorney General Matthew Friedrich of the Criminal Division announced.

At a hearing before U.S. District Judge Lynn N. Hughes in the Southern District of Texas, Aibel Group pleaded guilty to a two-count superseding information charging a conspiracy to violate the FCPA and a violation of the FCPA. At the same time, Aibel Group admitted that it was not in compliance with a deferred prosecution agreement it had entered into...

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