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June 15, 2015

Posted  January 25, 2016

Joseph Sigelman, the former co-chief executive officer of BVI oil and gas company PetroTiger Ltd., pleaded guilty to conspiring to pay bribes to a foreign government official in violation of the Foreign Corrupt Practices Act (FCPA).  At his plea hearing, Sigelman admitted to conspiring with co-CEO Knut Hammarskjold, PetroTiger’s former general counsel Gregory Weisman, and others to make illegal payments of $333,500 to David Duran, an employee of the Colombian national oil company, Ecopetrol.  Sigelman admitted to making the payments in exchange for Duran’s assistance in securing a $45 million oil services contract for PetroTiger. DOJ

Tagged in: FCPA,