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Violation Tracker Individual Record

Company: Baker Hughes Incorporated
Current Parent Company: Baker Hughes
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $33,000,000
Year: 2007
Date: April 26, 2007
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal: Foreign Bribery
Violation Description: Baker Hughes Incorporated agreed to pay more than $23 million in disgorgement and prejudgment interest and a civil penalty of $10 million to settle allegations that it violated a 2001 cease-and-desist Order prohibiting violations of the books and records and internal controls provisions of the Foreign Corrupt Practices Act.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oilfield services and supplies
Specific Industry of Current Parent: oilfield services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.