Ex-PetroTiger CEO Cops To Colombian Bribery, Wire Fraud

Law360, New York (February 18, 2014, 6:46 PM EST) -- Former PetroTiger Ltd. CEO Knut Hammarskjold admitted in New Jersey federal court Tuesday to participating in a bribery scheme for a $39 million oil services contract in Colombia and to receiving kickbacks as part of the acquisition of a target company.

Appearing before U.S. District Judge Joseph E. Irenas, Hammarskjold pled guilty to conspiring to violate the Foreign Corrupt Practices Act and to commit wire fraud, according to U.S. Attorney Paul Fishman. Hammarskjold, 42, of Greenville, S.C., joins former PetroTiger general counsel Gregory Weisman, a Moorestown,...
To view the full article, register now.