Paris-based construction giant Technip S.A. has agreed to pay $338 million to avoid prosecution and settle civil suits alleging violations of the Foreign Corrupt Practices Act in a 1990s and early 2000s bribery scheme to win $6 billion in contracts in Nigeria. Under the June 29 deal with the U.S. Justice Dept. and the U.S. Securities and Exchange Commission, Technip says it will pay the fines over a two-year period and “improve its compliance procedures,” including appointment of a monitor. The firm was part of the TSKJ engineering-procurement-construction consortium involved in building the Bonny Island liquified- natural-gas plant during that
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.