Cameron Unit Fined Over Kazakh Visa Bribes

Law360, New York (January 14, 2010, 1:25 PM EST) -- A unit of oil services giant Cameron International Corp. will pay a $65,000 fine to settle claims brought by the U.S. Securities and Exchange Commission that it bribed immigration officials in Kazakhstan.

The SEC filed its complaint against TEST Automation & Controls Inc., itself a unit of NATCO Group Inc., in the U.S. District Court for the Southern District of Texas Monday. Securities regulators claim that NATCO created and accepted false documents to pay bribes on visas for oil workers to work in Kazakhstan in violation...
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