Friday, December 19, 2008

Texas Executive & Consultant Indicted In $6 Million Foreign Bribery Conspiracy

James K. Tillery, 49, the former President of Willbros International, Inc., a unit of WIllbros Group, Inc., based in Houston, Texas, was charged in an indictment today with a conspiracy to pay more than $6 million in bribes to foreign officials in exchange for contracts. Tillery was indicted along with Paul G. Novak, 41, a consultant to the company, on four counts: violation of the anti-bribery provisions of the Foreign Corrupt Practices Act, money laundering, and with two counts of authorizing corrupt payments. The bribes were allegedly made to secure gas-pipeline construction and rehabilitation business from state-owned companies in Nigeria and Ecuador. In May, the company agreed to pay a $22 million criminal penalty to settle related bribery charges. The bribes occurred between late 2003 and March 2005, according to the indictment.

Read the story here, here and here.

Shearman & Sterling has put together a nice Digest of FCPA Cases here, which includes the Willbros case.

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