Washington, Jun 26 (AFP) Oil services firm TechnipFMC has agreed to pay a total of USD 296 million to resolve allegations the company paid bribes in Brazil and Iraq, the US Justice Department announced Tuesday.

A former Technip consultant also pleaded guilty to a charge of conspiracy to violate the US Foreign Corrupt Practices Act.

US Attorney Richard Donoghue, the top federal prosecutor in the Eastern District of New York, said the outcome showed Washington would pursue people and companies "who seek to win business through corrupt payments to foreign officials." (AFP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)