Technip SA, a French oilfield-services provider, will pay $338 million to avoid U.S. prosecution and resolve SEC claims that it bribed Nigerian officials to win $6 billion in construction contracts, Bloomberg reports.
The company has entered into a deferred-prosecution agreement under which prosecutors will drop charges in two years if Technip pays a $240 million fine and makes reforms. In addition, the firm has agreed to pay $98 million to resolve the SEC’s claims.
Bloomberg: Technip to Pay $338 Million to Settle Bribery Case
