TechnipFMC, a global oil and gas services provider, and its wholly owned U.S. subsidiary Technip USA will pay a combined $301.3 million settlement to resolve foreign bribery charges with authorities in the United States and Brazil.
The settlement includes criminal penalties of more than $296 million. TechnipFMC (TFMC) also entered into a three-year deferred prosecution agreement (DPA) with the Justice Department in connection with a criminal information filed June 25 in the Eastern District of New York charging the company with two counts of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.
