Confab Industrial

    • Home
    • Confab Industrial

    SHOWING:

    1 to 1 of 1 result
      

    Sort By:

    Search

    Filter By:

    Topics

    Jurisdictions

    Allegations

    Tenaris SA: $25M Fine

    Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $25 million on Tenaris S.A., described as "a global manufacturer and supplier of steel pipe products and related services, headquartered in Luxembourg", for "violations of the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 by Tenaris, as a result of a bribe scheme involving agents and employees of its Brazilian subsidiary to obtain and retain business from a Brazil state-owned entity Petróleo Brasileiro S.A.".