Abbot Group Pays $8.9 Million After Finding Corrupt Payments
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Abbot Group Ltd., a Scottish oil-services company owned by private-equity investors, will pay 5.6 million pounds ($8.9 million) in a civil settlement after discovering it had benefited from corrupt payments.
The Aberdeen-based drilling company will repay profit from a contract entered into in 2006 between an overseas unit and an unidentified oil and gas company, the Crown Office, Scotland’s prosecution service, said today in an e-mailed statement.