John Wood Group subsidiary admitted a Brazilian bribery scheme and agreed to an $18.375 million U.S. penalty
Company: John Wood Group PLC
Summary
In June 2021, Amec Foster Wheeler Energy Limited, a subsidiary of John Wood Group plc, entered into a deferred prosecution agreement and agreed to pay an $18.375 million U.S. criminal penalty concerning a bribery scheme in Brazil. The company admitted that between 2011 and 2014 it conspired through employees and intermediaries to pay bribes to Petrobras decision-makers to obtain an approximately $190 million gas-to-chemicals engineering contract. The business earned at least $12.9 million in profit from the improperly obtained contract. Amec Foster Wheeler became part of John Wood Group after the conduct occurred. This record therefore documents misconduct by a business that Wood later acquired and does not claim that Wood owned or directed the company during the 2011–2014 conduct. Source / proof: U.S. Department of Justice: https://www.justice.gov/archives/opa/pr/amec-foster-wheeler-energy-limited-agrees-pay-over-18-million-resolve-charges-related-bribery
Record details
- Category
- Corporate Misconduct
- When it happened
- 2011–2014
- Status
- Resolved (June 25, 2021)
- Severity
- high
- Added to Rotten Company
Source
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