SEC Says Noble Execs Hid Nigerian Bribery From Auditors

Law360, Houston (January 28, 2013, 11:03 PM EST) -- The U.S. Securities and Exchange Commission on Friday further detailed its evidence against two Noble Corp. executives accused of bribing Nigerian officials to secure offshore oil rig permits, arguing the pair knowingly violated written company rules and misled a committee reviewing foreign payments.

In an amended complaint, the SEC claims former Noble CEO Mark A. Jackson and James J. Ruehlen, the current director of Nigerian subsidiary Noble Drilling (Nigeria) Ltd., knowingly hid from Noble’s audit committee the payment of bribes to Nigerian customs officials in return...
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