Jul 2, 2010
Technip Resolves FCPA Probe, Agrees to Pay $240 Million Fine
Paris-based Technip SA, a service company for the oil and gas industry, is paying $338 million in civil and criminal penalties to settle claims that it worked with former Halliburton subsidiary KBR to bribe Nigerian officials and win $6 billion in contracts. The $338 million figure includes a $240 million criminal fine, plus a disgorgement of $98 million to resolve civil claims made by the Securities and Exchange Commission