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Saturday, March 1, 2014
Volume:
30
Issue:
3
Abstract:
On January 6, 2014, U.S. Attorney Paul J. Fishman of the District of New Jersey, Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division and Special Agent in Charge Aaron T. Ford of the FBI’s Newark Division announced that two former chief executive officers of Petro Tiger Ltd, a British Virgin Islands oil and gas company with operations in Colombia and offices in New Jersey, have been charged for their alleged participation in a scheme to pay bribes to foreign government officials in violation of the Foreign Corrupt Practices Act (FCPA), to defraud PetroTiger, and to launder proceeds of those crimes. Additionally, PetroTiger’s former general counsel pleaded guilty to bribery and fraud charges in connection with the same scheme.[1]