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Shell Oil under investigation by U.S. Department of Justice for potential violations of U.S. Foreign Corrupt Practices Act

By John Donovan
17 March 2008

Shell had today announced that it is under investigation by the U.S. Department of Justice for potential violations of the US Foreign Corrupt Practices Act and has also instigated an internal investigation.

Shell has also confirmed that it is cooperating with active investigations being carried out by the US Department of Justice and the United States Securities and Exchange Commission. Shell has admitted that it may face fines and costs.

The following is taken from page 15 of the *Royal Dutch Shell Plc 2007 Annual Report published today… read more

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