I guess these companies that paid extensive fees to Libya will want their money back...
Clipped from www.minyanville.com
Oil Companies That Gave 'Bonuses' to Libya Also Lobbied Against Disclosure Rules
A news report looks at what some oil majors are doing to get around anti-bribery rules.
Multinational companies operating in Libya have had to deal with many obstacles, including a government rife with corruption that often asked for what amounted to bribes.
Sometimes those companies balked; sometimes they paid them, the New York Times reported today.
The Times story doesn't actually mention the word "bribes," using instead the phrase "payoffs to keep doing business." U.S. companies are barred from paying bribes to foreign officials by the Foreign Corrupt Practices Act.
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