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Total Ends U.S. Bribe Probe as France Seeks CEO Prosecution

Total SA agreed to pay $398 million to settle U.S. allegations it made illegal payments to an Iranian official for oil and gas contracts as French prosecutors said they’ll seek charges against the company’s chief executive officer.

Total, France’s largest oil producer, was charged in federal court in Alexandria, Virginia, today with three counts of violating the Foreign Corrupt Practices Act as part of a deferred-prosecution agreement. The company also resolved related allegations with the Securities and Exchange Commission in an administrative case.