Total Agrees to Pay $398 Million to Settle U.S. Bribe Probe

Total Agrees to Pay $398 Million to Settle U.S. Bribe Probe

Balint Porneczi/Bloomberg

From 1995 to 2004, Total SA made about $60 million in bribe payments to an Iranian official in order to obtain oil rights in three oil and gas fields, according to the deferred prosecution agreement.