Following a Serious Fraud Office investigation into Amec Foster Wheeler in 2017 – previously posted about here and here – today it has been announced that:
John Wood Group PLC ('Wood') today announces that agreements have been reached with the Serious Fraud Office ('SFO') in the UK, the Department of Justice ('DOJ') and Securities and Exchange Commission ('SEC') in the US, and the Ministério Público Federal ('MPF'), the Comptroller General's Office ('CGU') and the Solicitor General ('AGU') in Brazil, to resolve their respective bribery and corruption investigations into the past use of third parties in the legacy Amec Foster Wheeler business.Under the terms of the agreements, the Company will pay compensation, disgorgement and prejudgment interest, fines and penalties totalling $177m...
John Wood Group has reached a $186 million agreement to settle a U.K.-led bribery and corruption probe into a British engineering firm it acquired in 2017 https://t.co/XIaWjAF8hb
— Bloomberg (@business) June 26, 2021
Wood Group’s payment is one of the largest ever obtained in a UK-led bribery and corruption case.
