GERMAN FREIGHT FORWARDER HIT WITH USD1 BILLION FINE OVER ANGOLA BRIBES
June 1st, 2019
Disgraced German-owned freight forwarding company, FH Bertling, was fined GBP850,000 (USD1 million) June 3 for an Angolan bribery scheme, in a case brought by the UK Serious Fraud Office (SFO). The four-year investigation and prosecution by the SFO into the company’s British wing revealed that senior executives had conspired to pay USD350,000 in bribes to an agent of the Angolan state oil company, Sonangol, to secure USD20 million worth of shipping contracts between January 2004 and December 2006. The SFO’s Bertling probe began in September 2014. It was ...
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