CANADIAN OIL COMPANY PLEADS GUILTY TO FOREIGN BRIBERY
July 1st, 2011
BY KEITH NUTHALL
A CANADIAN oil and gas company has fallen victim to the first major conviction under the country's international anti-corruption laws. Calgary-based Niko Resources pleaded guilty to bribing a Bangladeshi energy minister. Niko CEO Ed Sampson said the company had appointed a chief compliance officer "to ensure that something like this doesn't happen again."
ENDS
A CANADIAN oil and gas company has fallen victim to the first major conviction under the country's international anti-corruption laws. Calgary-based Niko Resources pleaded guilty to bribing a Bangladeshi energy minister. Niko CEO Ed Sampson said the company had appointed a chief compliance officer "to ensure that something like this doesn't happen again."
ENDS
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