The company said Shells Nigerian employees specifically requested Panalpina Nigeria to provide false invoices with line items to mask the nature of the bribes. Shell wanted to hide the nature of the payments to avoid suspicion if anyone audited the invoices, Panalpina said.
Shell separately admitted paying $2 million to Nigerian subcontractors on its deepwater Bonga Project. Shell knew some money would go as bribes to Nigerian officials to circumvent the customs process and give the company an improper advantage, according to its admission in federal court in Houston.
Shell Bribes Among Culture of Corruption, Panalpina Admits
November 05, 2010, 12:03 AM EDT
By David Voreacos and Laurel Brubaker Calkins
Nov. 5 (Bloomberg) — Bribes paid on behalf of Royal Dutch Shell Plcs Nigerian unit came from a culture of corruption that Panalpina World Transport Holding Ltd., a Swiss freight forwarder, admitted in a U.S. court yesterday.
Panalpina, Shell and five oil services companies agreed to pay $236.5 million to settle probes by the U.S. Justice Department and Securities and Exchange Commission. Panalpina, which admitted to bribing government officials in seven nations, will pay $81.5 million, and Shell will pay $48.1 million. read more
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