The oil services firm’s long-running negotiation with U.S. authorities had already reached a resolution on separate allegations of sanctions violations.
A UK regulator determined that Barclays “acted recklessly” by failing to fully disclose payments it made to Middle Eastern investors in June and October 2008.
Sheikh Mohamed bin Issa al Jaber seeks to compel the law firm White & Case LLP to produce documents from a 2003 out-of-court settlement between Barclays and the Saudi government which allegedly involved bribery.
The SFO becomes the latest red-faced British government body to admit it misplaced something very important.
EXCLUSIVE: The SEC has told at least six of the seven oil companies known to have been under scrutiny for their Gadhafi-era dealings that it won’t take enforcement action.
The French oil giant was scrutinized in a broader probe of oil industry dealings in Gadhafi-era Libya.
Paris prosecutors filed an appeal on Thursday in the U.N. oil-for-food case, saying French energy group Total should be retried for bribery in the scandal involving illegal payments to Saddam Hussein’s government.
After parting ways with Allen & Overy in London, ex-Alcoa agent and accused fraudster bids farewell to the firm in a related lawsuit in Pennsylvania.
“You’re asking for a lot, aren’t you, for us to be the first court in America at the circuit level to hold this?” Circuit Court Judge Jennifer Elrod asked counsel for GE, which wants a ruling that employees must first report to the SEC to be protected as whistleblowers under Dodd-Frank.
Prosecutors Wednesday recommended sending oil major Total SA’s chairman and chief executive Christophe de Margerie to trial in Paris to face corruption and embezzlement charges related to deals in Iran dating back to the 1990s.
The settlement came after a decade of investigation and two years of negotiation with U.S. authorities. The French energy company will be subject to corporate monitorship by a French national.
Inside companies, widespread knowledge of corruption in Africa, Europe, Middle East and India.
After a chain of events that British media is prohibited from reporting due to laws protecting defendants from pre-trial publicity, Victor Dahdaleh is now to stand trial in November in London.
Non-U.S. defendants convicted of Foreign Corrupt Practices Act violations can negotiate transfers to prisons in their home jurisdictions, bringing benefits.
A prominent member of the Saudi royal family is at the heart of a US criminal probe into whether Barclays made improper payments in the kingdom, with investigators scrutinising two separate incidents linked to a son of King Abdullah.