How can the answer be improved?Tell us how. Sedco Forex Nigeria Limited operates in the oil and gas sector. The company is based in Nigeria. Sedco Forex Nigeria Limited operates as a subsidiary of Transocean Ltd.
Total Monetary Sanctions for the Action: Close Clear Form Register. United States of America v. Case Information United States of America v. Transocean and its subsidiaries provided offshore drilling services and equipment to oil companies worldwide, including Nigeria.
From to , Transocean subsidiaries knew or or were aware of a high probability that payments made to customs agents were used to bribe officials at the Nigerian Customs Service NCS in order to circumvent rules and regulations regarding the importation of goods into Nigeria.
To obtain reimbursement for the payments made on behalf of Transocean's subsidiaries, the agents provided invoices to the subsidiaries without supporting documentation. The subsidiaries then reimbursed the agents for the expenses, and mischaracterized the payments in their books and records. On November 4, , the DOJ filed a criminal information against Transocean, charging the company with conspiracy to violate the anti-bribery and books and records provisions of the FCPA, violating the anti-bribery provisions of the FCPA, and aiding and abetting violations of the books and records provisions of the FCPA.
At the same time, Transocean and the DOJ entered into a three year deferred prosecution agreement. In a related action, Transocean consented to the entry of a final judgment with the SEC, permanently enjoining the company from future violations of the FCPA.
Nigeria Sanction to Bribe Ratio: Transocean Deepwater Nautilus Limited. Transocean Deepwater Pathfinder Limited. Transocean Discoverer LLC. Transocean Drilling Nigeria Ltd. Transocean Drilling Services Inc. Transocean Eastern Pte Ltd. Transocean Europe Holdings Ltd. Transocean Europe Ventures Holdings Ltd. Transocean International Drilling Limited. Transocean International Drilling, Inc.
Transocean International Resources Limited. Transocean Offshore Canada Services Ltd. Transocean Offshore North Sea Limited. Transocean Offshore Caribbean Sea, L.
Transocean Offshore Deepwater Drilling Inc. Transocean Offshore Drilling Limited. Transocean Offshore Europe Limited. Transocean Offshore Holdings Ltd. Transocean Offshore International Limited. Transocean Offshore International Ventures Limited. Transocean Offshore Nigeria Ltd. Transocean Offshore Norway Inc. Transocean Offshore Services Ltd. Transocean Offshore Ventures Inc.
Transocean Sedco Forex Ventures Limited.
The subsidiaries then reimbursed the agents for the expenses, and mischaracterized the payments in their books and records.
Sedco Forex International, Inc.