U.S. Former Oil Company exec pleads guilty in bribery case with Colombian oil official

Posted on June 19, 2015 • Filed under: Colombia, Corruption

usatoday.com reported a former co-CEO of an oil services firm on Monday pleaded guilty to conspiring to bribe a Colombian oil official, handing a victory to U.S. prosecutors despite an embarrassing hiccup that temporarily threatened to upend the case.

Former PetroTiger co-CEO Joseph Sigelman pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act when he conspired with several company officials to pay Colombian oil employee David Duran $333,500 in exchange for help in landing a $45 million contract, officials said. Read Article

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