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.

Total to Face New Corruption Charges in France

Jaclyn Jaeger | November 26, 2014

One year after paying more than $398 million to U.S. prosecutors for violations of the Foreign Corrupt Practices Act, Total S.A. is expected to face new corruption charges, this time in France.

The oil and gas company, along with two Iranian middle men, will face trial in France over related allegations, a spokesman for the Paris prosecutor’s office told the Financial Times. The trial likely will not take place until 2015, the spokesman added.

As Compliance Week previously reported, Total was accused of paying $60 million in bribes to intermediaries of an Iranian government official over a period of nearly a decade in exchange for securing two major oil and gas contracts in Iran. In addition,...

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