Technip will pay $ 338 million for litigation in the USA

Technip will pay 338 million dollars (275 million euros) to settle litigation with the U.S. authorities on suspicion of having bribed Nigerian officials to win contracts in Nigeria, announced the Department of Justice.

Technip pay $ 240 million in criminal restitution and $ 98 million to settle lawsuits brought by the Securities and Exchange Commission (SEC) and give up ill-gotten gains, say the SEC and the Justice Department.

Technip has confirmed the payment of 240 million dollars (195 million euros) in criminal cases.Parapetrolic The French had established a reserve of 245 million euros in February for possible penalties in this case.

This is the last settlement date occurred in a case involving a consortium accused of having paid bribes bribes to win contracts for more than six billion dollars to build treatment plants for liquefied natural gas to Nigeria.

KBR was part of the consortium and recognized in 2009 have paid under-the-table to ensure the contract Bonny Island LNG.

And KBR, its former parent company Halliburton agreed to pay a fine of $ 402 million to settle the case with the U.S. Department of Justice.

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