Former Petrotiger chief pleads guilty to FCPA charges
Knut Hammarskjold, a former chief executive of oil and gas company Petrotiger, has pleaded guilty to violating the US Foreign Corrupt Practices Act (FCPA) and committing wire fraud. In a statement, the US Department of Justice said Hammarskjold was one of three defendants who has been accused of paying bribes to a Colombian official in exchange for helping secure an oil services contract worth US$39 million.
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