Shipper Fined £850K Over Angolan Oil Bribery Plot

Law360, London (June 3, 2019, 3:45 PM BST) -- North Sea shipping company FH Bertling Ltd. was fined £850,000 ($1.1 million) at a London crown court on Monday as the now-defunct firm was sentenced over a conspiracy to pay bribes to an agent of an Angolan state oil company to secure approximately $21 million of shipping contracts.

The British subsidiary of a German shipping group was given a 15% reduction in the £850,000 ($1.1 million) penalty after it pled guilty to charges brought by the Serious Fraud Office over $350,000 in corrupt payments. (AP) The British subsidiary of Hamburg-based Bertling Group was given a 15% reduction in the penalty after...

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