Scotland-based oil and gas services company International Tubular Services, a wholly-owned subsidiary of drilling contractor and service provider Parker Drilling, last week agreed to pay a £170,000 ($267,000) fine to Scotland’s Crown Office and Procurator Fiscal Service’s civil recovery unit to resolve charges that a former Kazakhstan-based employee paid bribes to secure contractual work from a customer in that country.
Parker Drilling discovered the bribery and corruption as part of its compliance and due diligence procedures when it was acquiring International Tubular Services (ITS) last year. Following an investigation into the questionable conduct, ITS self-reported the corrupt payments to the Crown Office and Procurator Fiscal Service under the self-reporting initiative of the U.K. Bribery Act.
