SEC Sues Noble Execs Over Nigerian Bribery Scheme

Law360, New York (February 24, 2012, 4:33 PM EST) -- The U.S. Securities and Exchange Commission on Friday sued three current and former executives of offshore-drilling contractor Noble Corp. in Texas federal court over their alleged involvement in a bribery scheme to nab illicit permits for oil rigs in Nigeria.

Former Noble CEO Mark A. Jackson and James J. Ruehlen, current director of Nigerian subsidiary Noble Drilling (Nigeria) Ltd., allegedly arranged bribes to Nigerian customs officials in return for false paperwork showing that the company's oil rigs had been exported and reimported, which prevented Noble from...
To view the full article, register now.