The federal government's probe into Weatherford International's dealings in foreign countries has burgeoned far beyond a simple bribe inquiry. It has become a multi-agency civil and criminal investigation into allegations that Weatherford, one of the world's largest oilfield service companies, did business with terrorist-friendly countries that are under U.S. trade sanctions. And in an unusual twist, Weatherford's GC left his job in the middle of the probe and the company moved its headquarters from Houston to Switzerland.
U.S. Government's FCPA Probe of Weatherford Expands
June 28, 2010