Tidewater Inc.

Why it is here

U.S. Securities and Exchange Commission (FCPA) — SEC settled action (FCPA) (SEC settled FCPA charges: injunction, $8,104,362 disgorgement and a $217,000 penalty · Through a subsidiary reimbursed about $1.6 million to its customs broker in Nigeria 2002–2007 for improper payments to Nigerian customs officials to disregard regulatory requirements on the importation of its vessels), 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

Tidewater Inc.

Authority

U.S. Securities and Exchange Commission (FCPA)

Decision

SEC settled action (FCPA)

Grounds and details, as published

SEC settled FCPA charges: injunction, $8,104,362 disgorgement and a $217,000 penalty · Through a subsidiary reimbursed about $1.6 million to its customs broker in Nigeria 2002–2007 for improper payments to Nigerian customs officials to disregard regulatory requirements on the importation of its vessels

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)