Law360, New York (November 19, 2009) -- Norwegian oil and gas company Statoil ASA has agreed to pay $21 million to the U.S. government to settle charges stemming from a 2002 contract with Horton Investments Ltd. that was allegedly a cover to send bribes to Iran.
Statoil agreed to a $10.5 million fine for violating the U.S. Foreign Corrupt Practices Act, as well as an additional $10.5 million in disgorgement to the U.S. Securities and Exchange...
