Texas Oil Drilling Firm Sued over Bribes in Saudi Arabia, Libya, 7 Other Countries
One of the world’s largest offshore drillers, Houston-based Pride International, has been accused of bribing governments all over the world, according to a shareholder lawsuit. The corporation announced on February 16 that it was creating a $56 million fund to cover penalties for violating the Foreign Corrupt Practices Act in Venezuela, Saudi Arabia, Libya, Kazakhstan, Angola, Mexico, Brazil and the Republic of the Congo.
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Health Insurers Do End Run around Requirement to Cover Pre-Existing Conditions
- Jewish Groups Pay to Send U.S. Police to Train in Israel
- House Votes to Block Easy Disclosure of Corporate Financial Statements
- Increased Purchases of Guns Ends up Funding Wildlife Research…and Shooting Ranges
- Nation’s Worst Cancer Doctor Pleads Guilty to Medicare Fraud