Technip agrees to pay $338 million in case (AP)

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.

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.

The HSBC of today is a fundamentally different organisation from the one that made those mistakes HSBC has agreed to pay a record US$1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe’s biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash.

French construction and engineering company Technip agreed to pay $338 million to settle U.S.

UBS has agreed to pay a total 1.4 billion Swiss francs ($1.5 billion) to settle accusations that it tried to rig benchmark interest rates, the Swiss banking giant said on Wednesday, adding it will report a fourth-quarter net loss.