June 2, 2022

Luxembourg-based steel pipe manufacturer Tenaris will pay more than $78 million to resolve claims that between 2008 and 2013 its Brazilian subsidiary paid bribes to obtain and retain business from the Brazil state-owned entity Petrobras.  The SEC alleged that Tenaris violated the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act.  SEC

Tagged in: FCPA, Financial and Investment Fraud,