July 26, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
U.S. DOJ Fines Marubeni on Nigeria LNG Project
 

Tokyo, Jan 27, 2012 (JCN) - Marubeni Corp. has entered into a Deferred Prosecution Agreement with the U.S. Department of Justice (DOJ) regarding a violation of the U.S. Foreign Corrupt Practices Act (FCPA) in respect to payment of bribes to Nigerian government officials in relation to the Nigeria LNG Project. Marubeni will pay US$54.6 million (approximately 4.2 billion Japanese yen) to the DOJ.

Nigeria LNG Limited, a government-linked company of Nigeria, developed a project to build LNG plants in Nigeria. In order to be awarded construction contracts for the project, French company Technip S.A., Italy-based Snamprogetti S.p.A., M.W. Kellogg Ltd of the U.S., and Japan's JGC Corp. formed a consortium called TSKJ. Between 1995 and 2004, TSKJ was awarded contracts by Nigeria LNG Limited. Marubeni executed Service Agreements with TSKJ regarding the Project (excluding Train 6) and assisted TSKJ in obtaining the contracts.

The DOJ conducted an investigation into the four companies comprising TSKJ and other relevant parties on suspicion of violation of the FCPA. As part of the investigation, the DOJ conducted an investigation into Marubeni, leading to the company's entry into the agreement.

By Chris Lui Staff Writer

Copyright © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.


 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  Marubeni  News  
  Marubeni, Mitsui Miike to Build Coal Handling Facility with Russia's JSC Vostochny Port  (July 18, 2014)
  Marubeni to Create Minera Centinela, New Mining Company in Chile  (July 5, 2014)
  Fukushima Experimental Offshore Floating Wind Farm Project Second Phase Update  (June 11, 2014)
  Marubeni Starts Commercial Operation Mega-Solar Power Plant in Oita City  (Apr 23, 2014)
  Marubeni Acquires Stake in Portuguese Power Assets Held by GDF SUEZ  (Aug 5, 2013)
  Marubeni to Invest Euro 100 Million in Mainstream Renewable Power  (Aug 5, 2013)
  Marubeni, INCJ Establish Seajacks Japan to Develop Offshore Wind Market  (June 3, 2013)
  Japan Atomic Power and Marubeni Reach MOU with the Kazakhstan National Nuclear Center  (Feb 18, 2013)
  Marubeni Sub Marnix and UK's Cooper Gay Sign Insurance Agreement  (Jan 17, 2013)
  Marubeni Acquires U.S. Conveyor Belt Distributor  (Jan 9, 2013)



 Recent  Energy General News   
Marubeni, Mitsui Miike to Build Coal Handling Facility with Russia's JSC Vostochny Port (July 18, 2014)
Marubeni to Create Minera Centinela, New Mining Company in Chile (July 5, 2014)
TOYO Awarded Large-scale Photovoltaic Power Plant Project in Japan (June 9, 2014)
Marubeni Starts Commercial Operation Mega-Solar Power Plant in Oita City (Apr 23, 2014)
World's Largest Semi-submersible Platform Takes Steps Towards Completion (Apr 4, 2014)
Yokogawa Wins Orders for Chinese Coal/Oil Co-processing Pilot Plant and Coal Tar Hydrogenation Plant Projects (Mar 26, 2014)
INPEX to Construct a Second Photovoltaic Power Generation System (Mar 15, 2014)
Idemitsu Kosan Launches Operations at Himeji Mega-solar Power Plant (Mar 12, 2014)
Mitsubishi to Build Coal Fired Power Plant in the Philippines (Feb 3, 2014)
Sumitomo Corp in the Az-Zour North IWPP Project in Kuwait (Dec 13, 2013)

More Energy General news...
 
CSR Report Download
Annual Reports

  More >>    
Most Popular


About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)