Oil Probes Show FCPA Enforcement Has Cos. Running Scared

Law360, New York (June 7, 2012, 7:47 PM EDT) -- After receiving whistleblower allegations of bribery at their Kazakhstan operations, several oil giants including Chevron Corp. and Eni SpA promptly launched investigations into the anonymous claims, a once-unlikely reaction that suggests companies have learned the perils of sleeping on potential Foreign Corrupt Practices Act violations, experts say.

In March, Chevron and other members of oil ventures Karachaganak Petroleum Operating BV and Tengizchevroil LLP received an anonymous email detailing suspicious payments made to customs officials in Aksai City, Kazakhstan, company representatives confirmed Thursday. The Wall Street Journal...
To view the full article, register now.