Region: Angola

SFO announces Unaoil-linked investigation of ABB

The SFO has opened a corruption investigation into the UK subsidiaries of Swiss-Swedish technology company ABB linked to the agency’s ongoing probe into Monaco-based energy services company Unaoil.

10 February 2017

Portugal asked to investigate Angola money-laundering case

11 March 2016

Goodyear FCPA resolution a “roadmap” for cooperation

Extensive cooperation and remediation ensured tyre company Goodyear was treated leniently by the SEC, lawyers say.

25 February 2015

SEC fines Goodyear for FCPA violations

The US Securities and Exchange Commission (SEC) has ordered tyre manufacturer Goodyear to pay over US$16 million for FCPA books and records violations.

24 February 2015

SEC ends Cobalt probe

The SEC has concluded its FCPA investigation of Cobalt International Energy’s Angolan operations, and will not recommend enforcement action, the company announced on 28 January after receiving a termination letter from the commission.

29 January 2015

Cobalt sued after FCPA Wells notice disclosure

A US class action lawsuit against oil exploration company Cobalt, which has consistently denied allegations of FCPA violations, highlights the perils of publicly disclosing information about government investigations.

02 December 2014

SBM Offshore deal under Clean Companies Act possible, CGU confirms

Brazil’s CGU could offer Dutch oil-platform services company SBM Offshore a leniency agreement under the country’s Clean Companies Act, even though the alleged misconduct occurred before the new anti-corruption law came into force.

14 November 2014

SBM Offshore agrees “unprecedented” US$240 million Dutch settlement

Oil platform services company SBM Offshore has agreed to a landmark US$240 million foreign bribery settlement with Dutch prosecutors, while the DoJ has dropped its parallel FCPA investigation of the matter.

12 November 2014

General Cable investigating bribery concerns in four countries

Copper, aluminium and fibre-optic cable manufacturer General Cable said on 22 September that it is investigating possible bribes paid in Angola, Thailand and India. The company made the announcement in an 8-K filing with the US Securities and Exchange Commission, which is used to notify shareholders of unscheduled significant events.

24 September 2014

Cobalt severs ties with two Angolan companies

US oil company Cobalt International Energy, which is under investigation for alleged bribery offences, has cut links to two Angolan companies that local government officials held stakes in. In a regulatory filing, Cobalt said that Angolan companies Nazaki Oil and Gaz, and Alper Oil, transferred their stakes in an oil venture with Cobalt to Angola's state-owned oil company Sonangol.

01 September 2014

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