03
Jun
11:30
Tenaris resolves US bribery case
Global pipe manufacturer Tenaris must pay $78.1 million in fines to resolve charges in the US of violating the Foreign Corrupt Practices Act. This is in connection with the allegedly improper payments made in Brazil prior to 2014 for the supposed benefit of Confab Industrial S.A, a subsidiary of Tenaris.
The investigation was carried out against various members of the Techint Group leadership, including chairman Paolo Rocca. Last month an Italian court of first i…
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