Single employee was involved in recent case involving Tyco International
Saudi Aramco has responded to recent reports regarding claims that officials were paid bribes from a US company in return for winning contracts with the state-owned oil company.
After an investigation, Aramco states that the allegations relate to a single individual, who was a “technical specialist” with the company. Aramco says the individual was subject to an investigation in 2009 and had his contract terminated after being found to be accepting bribes from a subsidiary of the US’ Tyco International.
Tyco International has already paid $26.8m to the US government to settle a case brought against the company under the Foreign Corrupt Practices Act. Under the terms of the act, charges against an American company can be brought in the US even if alleged corruption happened in another country.
Saudi Aramco was cited in the US government’s findings.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.