Oilfiled services giant Schlumberger has entered plead guilty for violating sanctions in Iran and Sudan, according to the Department of Justice. Pending court approval, the company will pay $232.7 million "for conspiring to violate the International Emergency Economic Powers Act (IEEPA)," according to the Department of Justice. The act gives the President the power to regulate business activity with sanctioned countries who threaten the US economy or national security. According to court documen...
Oil giant Schlumberger pleaded guilty to violating US sanctions in Iran and Sudan (SLB)
Business Insider - 25 Mar 2015 23:42
Oilfiled services giant Schlumberger has entered plead guilty for violating sanctions in Iran and Sudan, according to the Department of Justice. Pending court approval, the company will pay $232.7 million "for conspiring to violate the International Emergency Economic Powers Act (IEEPA)," according to the Department of Justice. The act gives the President the power to regulate business activity with sanctioned countries who threaten the US economy or national security. According to court documen...
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