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Vantage Drilling pays $5M, closes FCPA case with SEC

Jaclyn Jaeger | November 28, 2018

Offshore drilling contractor Vantage Drilling International announced that it has concluded a settlement agreement with the Securities and Exchange Commission, in which it has agreed to pay $5 million to resolve a previously disclosed investigation into potential violations of the internal accounting control provisions of the U.S. Foreign Corrupt Practices Act.  

The investigation arose in 2015 from allegations of improper payments by a director of Vantage Drilling Co. (VDC) to former officials of Petrobras made in 2009 and 2010 in connection with the contracting of the Titanium Explorer drillship to Petrobras. In August 2017, Vantage Drilling...

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