Financial Crime Financial Crime

Tenaris settles for $78 million with US Securities and Exchange Commission over bribery in Brazil

By Robert Thomason
  • 02 Jun 2022 23:23
  • 02 Jun 2022 23:29
Tenaris, a global manufacturer and supplier of steel pipes for the energy sector, today agreed to pay more than $78 million to settle claims that it violated the US Foreign Corrupt Practices Act by using a subsidiary in Brazil to bribe an official of the country's national oil company, Petrobras.

The Securities and

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