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
- Leaked Trade Deal Documents Show U.S. Weakened Environmental Protections, Gave Corporate Lobbyists More Say
- 15 States Wielding New or Stricter Voter ID Laws in Run-Up to Presidential Election
- Sioux Tribe Accuses Government of Underfunding Native American Health Care
- Children’s Brain Injuries from Playground Accidents on Rise in U.S.
- Discrimination Continues after Death at Texas “Whites-Only” Cemetery