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Posts Tagged ‘Bribery’

DOJ, SEC To Announce Panalpina-Related Bribery Settlements

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.

NASDAQ

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. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch Shell plc under Investor Investigation over possible Foreign Bribery

Investigation on behalf of current long term investors in Royal Dutch Shell plc (ADR) (NYSE:RDS.A) over possible foreign bribery – RDS.A stockholders should contact the Shareholders Foundation at [email protected]

After the U.S. Department of Justice begun looking into allegations against Royal Dutch Shell plc (ADR) as a customer of Panalpina Group in connection with possible foreign bribery an investigation on behalf of current long term investors in Royal Dutch Shell plc (ADR) (NYSE:RDS.A) was announced.

If you are a current long term investor in Royal Dutch Shell plc (ADR) (NYSE:RDS.A), and/or have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc by email [email protected] or call +1(858) 779 – 1554. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch Shell bribery and corruption in Nigeria

Shell, the Anglo-Dutch energy giant, is expected to pay around $30 million in penalties to settle charges stemming from its use of Panalpina as an agent in Nigeria…

Law Blog October 15, 2010

The FCPA Steamroller Nears Panalpina, Royal Dutch Shell

We began hearing that the Justice Department was ramping up its enforcement of the Foreign Corrupt Practices Act sometime in 2006.

Last week, the WSJ’s Dionne Searcey broke the news of the Justice Department’s investigation of oil-services company Schlumberger for alleged bribery-related activity in Yemen. Today’s news: A big Swiss shipping and logistics company and Royal Dutch Shell, one of its customers, are close to settling foreign-bribery charges stemming from a three-year U.S. investigation. Click here for the story, from the WSJ’s Kara Scannell and Thomas Catan. Click here for a sidebar from Searcey on the revitalization of the law. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Settlements Near In Bribery Case

Shell, the Anglo-Dutch energy giant, is expected to pay around $30 million in penalties to settle charges stemming from its use of Panalpina as an agent in Nigeria, these people said.


OCTOBER 15, 2010

By KARA SCANNELL And THOMAS CATAN

WASHINGTON—A big Swiss shipping and logistics company and Royal Dutch Shell PLC, one of its customers, are close to settling foreign-bribery charges stemming from a three-year U.S. investigation, said people familiar with the matter. It could be the first in a series of such settlements by major multinational companies.

Panalpina Group, which has 14,000 employees and branches in more than 80 countries, has been at the center of a sprawling probe into whether it paid officials in places including Nigeria, Saudi Arabia, Algeria and Kazakhstan to expedite services, such as clearing drilling rigs and other equipment through customs, according to people familiar with the matter and corporate disclosures. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

U.S. Cracks Down on Corporate Bribes

Among the companies currently under Justice Department review: Sun Microsystems Inc. and Royal Dutch Shell PLC...

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

The Real Modern Pirates? MNCs Beyond the Rule of Law

The Ogoni Nine were hanged in 1995 after a show "trial" before a special military tribunal, which was based on fabricated charges and testimony from witnesses bribed by Shell.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell warns of US probe into corruption claims

Royal Dutch Shell, the Anglo-Dutch oil and gas giant was yesterday forced to warn shareholders about an ongoing investigation by US authorities over allegations that bribes were paid to Nigerian customs officials on behalf of the company.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Halliburton to Pay $559 Million To Settle Bribery Investigation

The Justice Department says several of the alleged bribes occurred while Mr. Cheney led Halliburton.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell in U.S. Gov. Sex, Drugs and Corruption Scandal

In the hard commercial world, Shell is, as always, prepared to do whatever it takes to meet its objectives, whether in the USA (bribery and corruption), Nigeria (fuelling corruption and violence, with no end to the gas flaring), the North Sea (production and profit before offshore worker lives) or in Russia (bribery and corruption on the Sakhalin-2 project).

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell $5 million USD birthday bribe for the Sultan of Brunei

Royal Dutch Shell has contributed US$5 million towards the establishment of the Health Promotion Centre, which is Brunei's first ever healthcare resource centre offering a range of innovative and interactive public health education tools and facilities.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

OECD ANTI-CORRUPTION REPORT ON UK

British business was branded yesterday with an unprecedented corruption health warning by leading industrialised nations. They were angered by London's dropping of an inquiry into BAE Systems' Saudi Arabian arms deals and its failure to pursue other cases of suspected foreign bribery.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Britain’s failure to tackle corruption damned amid new claims against BAE

The detailed analysis in the 75-page OECD report puts British ministers in the dock. The authors, in a team chaired by Swiss law professor Mark Pieth, condemned the UK's alleged tolerance of corruption.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

‘Abysmal’ Bribery Laws Shamed *(take note Shell)

The report is expected to attack the UK's record in prosecuting companies and individuals who have paid bribes to foreign public officials.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

UK slammed for ‘bribery’ inaction *(take note Shell)

The OECD, the only international body enforcing anti-bribery accords, launched a review of UK anti-bribery measures in the wake of the decision of the Serious Fraud Office in 2006 to drop an investigation into BAE Systems over an arms deal with Saudi Arabia.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

OECD report deplores UK anti-bribery record *(take note Shell)

...partner States were particularly incensed by the decision to terminate the Serious Fraud Office's investigation of allegations of bribery involving BAE Systems and the UK-Saudi Al Yamamah arms deal.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Warning over UK’s overseas bribes culture *(take note Shell)

The action highlights the rising cost of London’s failure to bring bribery prosecutions against its multinationals when other European countries and the US are pursuing their companies.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.