InfoBytes Blog
Monaco-Based Company Alleges Extortion Following Media Reports of Mass Bribery
On May 16, a Monaco-based industrial solutions company released a statement denying claims made in a media report that linked the company to allegations of bribing foreign government officials to secure contracts within the oil and gas industry. The company stated it has “been the victim of a four-month extortion attempt by criminals,” and that it is currently engaged with UK authorities.
Separately, an Amsterdam-based oil services company disclosed in a May 11 S-3 filing that it has been subject of DOJ questioning in relation to the investigation of the Monaco-based industrial solutions company. The company stated that it is cooperating with the DOJ’s inquiries. The Amsterdam-based company is the third company to disclose DOJ inquires as a result of the investigation surrounding the Monaco-based company and the companies that used its services. For additional coverage on the investigations, visit BuckleySandler’s FCPA Scorecard website.