BP Pays $370M In Fines, Four Execs Indicted

Law360, New York (October 25, 2007, 12:00 AM EDT) -- The various financial and environmental troubles that plagued BP PLC for the last few years have piled up into over $370 million in fines and the indictment of four former BP officials, the Department of Justice revealed on Thursday.

The fines cover three scandals that hit the world's second largest oil company in rapid succession – the price manipulation scheme that allegedly took place between April 2003 and Feb 2004 in the propane market, the explosion of at the Texas City refinery in 2005 and the...
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