Economics
Schlumberger Unit to Pay $233 Million in Iran-Sanctions Case
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A Schlumberger Ltd. unit agreed to plead guilty to charges that it traded with Iran and Sudan and to pay more than $232 million for violating U.S. sanctions.
The fine component of the penalty, $155 million, is believed to be the largest criminal fine in a sanctions case, eclipsing the $140 million paid by BNP Paribas SA, according to the Justice Department.