Scotland-based engineering company John Wood Group (Wood) on Friday reached a $177 million global bribery settlement with authorities in the United States, the United Kingdom, and Brazil, concluding legacy bribery and corruption investigations into Amec Foster Wheeler companies.
Wood also entered a three-year deferred prosecution agreement (DPA) with the U.S. Department of Justice; a three-year DPA with the U.K. Serious Fraud Office (SFO); a cease-and-desist order with the U.S. Securities and Exchange Commission (SEC); and 18-month leniency agreements with the Brazil Controladoria-General da Uniᾶo (CGU)/Advocacia-Geral da Uniᾶo (AGU) and the Ministério Publico Federal (MPF).
