GlobalSantaFe Corp.

Why it is here

U.S. Securities and Exchange Commission (FCPA) — SEC settled action (FCPA) (SEC settled FCPA charges: injunction, $3,758,165 disgorgement and a $2.1 million penalty · Payments through customs brokers about 2002–2007 to officials of the Nigerian Customs Service for documents showing that its rigs had left Nigerian waters when they had never moved; other payments in Gabon, Angola and Equatorial Guinea), from 4 November 2010.

Enforcement action of the U.S. Securities and Exchange Commission under the Foreign Corrupt Practices Act, resolved against the company.

Details

Company

GlobalSantaFe Corp.

Authority

U.S. Securities and Exchange Commission (FCPA)

Decision

SEC settled action (FCPA)

Grounds and details, as published

SEC settled FCPA charges: injunction, $3,758,165 disgorgement and a $2.1 million penalty · Payments through customs brokers about 2002–2007 to officials of the Nigerian Customs Service for documents showing that its rigs had left Nigerian waters when they had never moved; other payments in Gabon, Angola and Equatorial Guinea

From

4 November 2010

Until

—

Status

End date not published

Source

https://www.sec.gov/newsroom/press-releases/2010-214-sec-charges-seven-oil-services-freight-forwarding-companies-widespread-bribery-customs-officials

Licence

Public domain (U.S. Government work)