SEC's Charges Against Noble Execs — A Noble Pursuit?

Law360, New York (March 20, 2012, 1:18 PM EDT) -- On Feb. 24, 2012, the U.S. Securities and Exchange Commission charged three executives of Noble Corporation, a Swiss oil services company, with violating the Foreign Corrupt Practices Act. The SEC accused Noble’s former CEO and the company’s current division manager in Nigeria of arranging hundreds of thousands of dollars in bribes from 2003 to 2007. According to the SEC, the bribes were to induce Nigerian customs officials to grant new temporary permits and extensions to allow Noble’s oil rigs to remain in the country improperly. Both...
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