Danish coatings maker resolves global bribe case
Hempel A/S said Monday it paid about $33.4 million to enforcement agencies in Denmark and Germany to resolve allegations of bribery.
The company said it discovered “illegal sales practices” in April 2017 “in Germany, other countries in Europe and in Asia.”
It self reported the bribery to the Danish State Prosecutor for Serious Economic and International Crime.
Hempel A/S and Hempel (Germany) GmbH
paid total combined fines of $33.4 million to the Danish prosecutor and to the Prosecution Authority in Kiel, Germany.
The Copenhagen-based company makes coatings used in marine applications for the oil and gas industry, boat builders, and others.
It employs about 6,500 people in 80 countries. Revenues last year were about $1.5 billion.
– The FCPA Blog
http://www.fcpablog.com/blog/2019/3/5/danish-coatings-maker-resolves-global-bribe-case.html