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Home » PetroTiger CEO Admits Guilt in Foreign Bribery Case: A Violation of the FCPA in Colombia

PetroTiger CEO Admits Guilt in Foreign Bribery Case: A Violation of the FCPA in Colombia

PolitickerNJ has the details.

The ex-co-chief executive officer (CEO) of PetroTiger Ltd., a British Virgin Islands-based oil and gas firm with operations in Colombia, has pleaded guilty to conspiring to bribe a foreign government official, which breaches the Foreign Corrupt Practices Act (FCPA)…

Sigelman acknowledged that he conspired with co-CEO Knut Hammarskjold, former general counsel Gregory Weisman, and various others to make illicit payments totaling $333,500 to David Duran, an employee of Colombia’s national oil company, Ecopetrol…

In March of this year, Colombia announced the arrests of Duran, his spouse, a previous PetroTiger employee, and several other Ecopetrol officials…

Read the full story here.

Additionally, here is the superseding indictment for your reference.

This entry was posted in Uncategorized and tagged colombia, crime, ec, fcpa, usa on June 15, 2015 by Steven Bodzin.