Royal Dutch Shell is expected to pay around $30 million in penalties to settle charges stemming from its use of Panalpina as an agent in Nigeria, the paper reported.
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By Joseph Palazzolo, Of DOW JONES NEWSLETTERS
The Justice Department and the Securities and Exchange Commission are close to announcing settlements in several foreign-bribery cases linked to Swiss logistics company Panalpina Group, with civil and criminal penalties likely reaching hundreds of millions of dollars, people familiar with the matter said.
The Wall Street Journal reported on Friday that Panalpina and one of its customers, Royal Dutch Shell PLC (RDSA, RDSA.LN), were on the brink of settling the three-year-old probe. Investigators have been looking at whether the logistics company paid officials in Nigeria and other countries to gain customs clearance and permits for a raft of oilfield services companies.
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