Technip agrees to pay $338 million in case

Global engineering firm Technip S.A. has agreed to pay $338 million to settle accusations that it engaged in a decade-long scheme to bribe government officials in Nigeria, the Justice Department announced Monday.

Global engineering firm Technip Monday agreed to pay a 338-million-dollar fine for scheming to bribe Nigeria officials, the US Justice Department announced.US officials had alleged that the Paris-based company was "engaged in a sophisticated, decade-long scheme" to bribe Nigerian officials in an effort to secure billions of dollars in contracts."The resolutions announced today demonstrate once again the department's commitment to aggressively investigate and prosecute international bribery by US and foreign corporations alike," said US prosecutor Mythili Raman.

Paris-based engineering firm Technip SA agreed to pay $338 million to settle U.S. allegations that it engaged in a decade-long scheme to bribe government officials in Nigeria.

Judge in oil spill case sells energy stocks By 2010-06-25T17:30:54Z WASHINGTON (AP) -- The L

Documents: BP estimated 4.2M gallon in worst case By 2010-06-20T19:35:21Z NEW ORLEANS (

Grand jury indicts businessman in TARP case By 2010-06-16T14:30:16Z WASHINGTON (AP) -- A federal

Kagan confirmation would affect major tobacco case By MARK SHERMAN 2010-06-13T17:58:35Z

Global engineering company Technip has agreed to pay a 338-million-dollar fine, after it emerged that the firm was engaged in a scheme to bribe Nigerian officials to secure billion-dollar contracts, the US Justice Department announced on Monday.