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Key Energy: Justice Department has closed FCPA investigation

Jaclyn Jaeger | May 2, 2016

Key Energy Services, an oilfield services company, said last week that the Department of Justice has decided not to file any charges against it in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.  

As Compliance Week previously reported, the company voluntarily disclosed to the SEC and the Justice Department in May 2014 potential violations of the FCPA concerning business activities of Key Energy’s operations in Russia. No further details were provided on the matter.

In June 2014, Key further...

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