Monday, November 5, 2007

Yet Another FCPA Case - Individual Pleads Guilty

On the heels of a Fifth Circuit Appellate decision affirming a Foreign Corrupt Practices Act (FCPA) conviction (here), the DOJ reports on a plea to a FCPA charge. The press release states that "[a] former executive of a subsidiary of Houston-based Willbros Group Inc. (WGI) has pleaded guilty to conspiring to bribe officials of the government of Nigeria with more than $6 million in violation of the Foreign Corrupt Practices Act (FCPA)." The press release notes that this former executive admitted that "[t]hese payments were offered and made to officials of the Nigerian National Petroleum Corporation (the Nigerian state-owned oil company) and its subsidiary, National Petroleum Investment Management Services, a Nigerian political party, and a senior official in the executive branch of the Nigerian federal government, in order to assist in securing a major gas pipeline construction contract in Nigeria." Willbros Group Inc. had announced the sale of its Nigerian Operations back in February of 2007 (see here).

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