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John Wood sets aside $151 million extra to settle bribery probes

By Annie Robertson ( March 16, 2021, 12:36 GMT | Insight) -- UK engineering business John Wood has said it now expects to have to pay almost $200 million to settle legacy bribery investigations by authorities in the US, Brazil and Scotland — more than quadruple the amount it had previously set aside. It said discussions over probes centered on Amec Foster Wheeler, which it bought in 2017, are “at an advanced stage.”UK engineering business John Wood has said it now expects to have to pay almost $200 million to settle legacy bribery investigations by authorities in the US, Brazil and Scotland — more than quadruple the amount it had previously set aside....

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