Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Guilty plea in PDVSA FCPA case

Jaclyn Jaeger | October 13, 2017

A partial owner of several energy companies pleaded guilty this week to foreign bribery charges for his role in a scheme to corruptly secure contracts from Venezuela’s state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA).

Acting U.S. Attorney Abe Martinez of the Southern District of Texas, Acting Assistant Attorney General Kenneth Blanco of the Justice Department’s Criminal Division and Special Agent in Charge Mark Dawson of U.S. Immigration and Customs Enforcement’s Homeland Security Investigations’ (ICE-HSI) Houston office made the announcement.

Fernando Ardila Rueda pleaded guilty Oct. 11 in a Houston federal court for violations of the Foreign Corrupt Practices Act (FCPA). U.S. District Judge Gray Miller accepted the guilty plea. Sentencing is scheduled for Feb. 8, 2018.  

According to admissions made...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.