Violation Tracker Individual Record
Company:
Weatherford International Limited
Current Parent Company:
Weatherford International
Penalty:
$187,200,000
Year:
2013
Date:
November 26, 2013
Primary Offense:
Foreign Corrupt Practices Act
Secondary Offense:
export control violation
Violation Description:
Three subsidiaries of Weatherford International Limited, a Swiss oil services company, agreed to plead guilty to anti-bribery provisions of the Foreign Corrupt Practices Act and export controls violations under the International Emergency Economic Powers Act and the Trading With the Enemy Act. Weatherford International and its subsidiaries have also agreed to pay more than $252 million in penalties and fines.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Criminal Division
Civil or Criminal Case:
criminal
Prosecution Agreement:
plea & deferred prosecution agreement
HQ Country of Parent:
Ireland (reincorporated for tax reasons)
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
oilfield services and supplies
Specific Industry of Parent:
oilfield services
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
