Menu

Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

International Bribery – SEC Action

Total S.A. allegedly paid million of dollars in bribes to intermediaries of an Iranian government official in order to win contracts to develop oil and gas fields in Iran.

The Securities and Exchange Commission (SEC) charged Total S.A. with violating the Foreign Corrupt Practices Act (FCPA) between 1995 and 2004 by paying $60 million in bribes to intermediaries of an Iranian government official in order to win contracts to develop oil and gas fields in Iran. The SEC alleged that Total made more than $150 million in profits through the bribery scheme and attempted to conceal the illegal payments by entering into sham consulting agreements and mischaracterizing the payments in its books and records as legitimate business expenses. The SEC entered into a cease-and-desist order against Total S.A. in which the company agreed to pay $153 million in disgorgement and prejudgment interest. See related Total SA instance, “International Bribery – Deferred Prosecution Agreement”.

Misconduct Type
Ethics
Enforcement Agency
SEC
Contracting Party
None
Court Type
Administrative
Disposition
Settlement
Date of Settlement Announcement
5/29/2013
Contractors Involved Penalty
Total
Total S.A. $153,000,000
Further Information Released
SEC Order 5/29/2013
SEC Press Release 5/29/2013

See also:

Federal Contractor Misconduct Database