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June 25, 2021

Posted  June 25, 2021

UK-based global engineering company Amec Foster Wheeler Energy Limited, a subsidiary of John Wood Group plc, has agreed to pay more than $40.7 million in criminal fines, disgorgement, and interest, and enter into a three-year deferred prosecution agreement to settle foreign bribery charges involving a $190 million contract from state-owned Petróleo Brasileiro S.A. (Petrobras) to design a gas-to-chemicals complex in Brazil.  Through employees located in New York and Texas, Amec Foster Wheeler allegedly conspired with others to pay bribes to win the contract, earning at least $12.9 million in profit as a result. The company also reached settlements with the United Kingdom’s Serious Fraud Office and Brazilian authorities, and will receive credits for payments made to those entities. USAO EDNY; DOJ; SEC

Tagged in: Criminal Proceedings, FCPA, Financial and Investment Fraud,