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Amec Foster Wheeler Energy Ltd reaches US$177m global settlement for bribery in oil and gas sector

Fraud Intelligence

Amec Foster Wheeler Energy Ltd reaches US$177m global settlement for bribery in oil and gas sector

A subsidiary of John Wood Group, the UK-based engineering business, has agreed to pay UK£103m, which includes UK£3.4m costs, to the UK’s Serious Fraud Office, to draw a line under a four-year investigation into its past use of corrupt agents in the oil and gas sector.

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