The Many FCPA Enforcement Actions Involving PEMEX
Can doing business with a specific customer – in and of itself – be a Foreign Corrupt Practices Act “red flag”?
That seems a bit harsh, particularly when the company has approximately 125,000 employees.
Then again, as set forth in this post, it is hard to ignore that a dozen corporate FCPA enforcement actions have involved – in whole or in part – bribery schemes involving employees of Mexico’s Petróleos Mexicanos (PEMEX) and it various subsidiaries and affiliates.
Friday Roundup
Scratch that trial, scrutiny alert, affirmed, follow-up, Braskem-related, and across the pond. It’s all here in the Friday roundup.
Scratch That Trial
One of the FCPA trials scheduled this Fall (see here for the prior post) involved Frank Chatburn. As highlighted here, in April 2018 Frank Roberto Chatburn Ripalda (a dual United States and Ecuadorian citizen) was criminally charged for conspiring with others for making corrupt payments to PetroEcuador officials in order to obtain and retain contracts for Galileo (described as an Ecuadorian company that provided services in the oil and gas industry) from PetroEcuador.