Another $240 million criminal fine in Foreign Corrupt Practices Act case

We’re at $480 million in criminal fines and counting in related Foreign Corrupt Practices Act cases.  The latest Department of Justice Press release is available here.

Snamprogetti Netherlands B.V., (Snamprogetti) has agreed to pay a $240 million criminal penalty to resolve charges related to the Foreign Corrupt Practices Act (FCPA) for its participation in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement and construction (EPC) contracts, the Department of Justice announced today. The EPC contracts to build liquefied natural gas (LNG) facilities on Bonny Island, Nigeria, were valued at more than $6 billion.

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