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
- Federal Judges Order Obama Administration to Release Memo Justifying Assassination of Americans
- Oklahoma Legislators, Bowing to Big Business, Raise Rates for Small Producers of Solar and Wind Power
- Cold War could Turn into Wet War if U.S. Navy Dolphins Deploy to Black Sea
- Sale of Post Office Properties Ignored Historical Importance
- Nebraskans Want Colorado to Share Cost of Prosecuting Citizens Caught with Marijuana in Nebraska