DOJ, SEC Continue FCPA Probe Into Shell Oil

Law360, New York (March 17, 2009, 12:00 AM EDT) -- The U.S. Department of Justice and U.S. Securities and Exchange Commission are continuing with a more than yearlong investigation into Shell Oil for alleged violations of the Foreign Corrupt Practices Act in connection with a Swiss shipping company, Shell disclosed Tuesday.

Shell parent company Royal Dutch Shell PLC called the investigation a “risk factor” in a 20-F filing with SEC. The DOJ first contacted Shell in July 2007 regarding Shell's use of the freight forwarding firm Panalpina Inc. and potential violations of the FCPA, according to...
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