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Schlumberger Ltd to plead guilty to sanction violations

2015-03-26 06:13:17| Oil & Gas - Topix.net

International oilfield services giant Schlumberger Ltd. has agreed to plead guilty and pay a $232.7 million fine for conspiring to violate U.S. trade sanctions imposed against Iran and Sudan, federal authorities announced Wednesday. The fine represents the largest criminal penalty for violations of the International Emergency Economic Powers Act , federal authorities said.

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