Canadian oil start-up founder cops to US charge in connection with Chad bribes

By Richard Vanderford ( May 24, 2021, 23:19 GMT | Insight) -- A co-founder of Griffiths Energy International, a Canadian oil start-up later purchased by Glencore, has pleaded guilty to US corruption charges in connection with bribes paid to Chad officials, prosecutors said. A former Chad ambassador to the US has also been charged, along with the ambassador's wife and another high-level Chad official. The charges effectively resurrect what had appeared to be a long-resolved case — Griffiths itself settled with Canadian authorities in 2013.A co-founder of Griffiths Energy, a Canadian oil start-up later purchased by Glencore, has pleaded guilty to US corruption charges in connection with bribes paid to Chad officials, prosecutors said. Two former diplomats for Chad have also been charged, along with one of their wives. ...

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Canadian oil start-up founder cops to US charge in connection with Chad bribes

Prepare for tomorrow’s regulatory change, today

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