Marubeni Corporation (丸紅株式会社 Marubeni Kabushiki-gaisha) (TYO: 8002, OSE: 8002, NSE: 8002) is a Japanese trading company, one of the largest general trading companies (Sōgō shōsha) in Japan.
|
Contents
|
and more...
Last updated Mar 2009.
Together with China Winsway Coking Coal Holdings Limited, Marubeni Corporation made joint venture to acquire Canadian Grande Cache Coal Corp. for C$983 million, but the portion of Marubeni Corporation was only 40 percent.[1]
In January 2012 Marubeni Corporation agreed to pay a US$54.6 million criminal penalty to settle multiple US Foreign Corrupt Practices Act (FCPA) charges relating to its work as an agent for the TSKJ joint venture. The TSKJ joint venture comprising Technip, Snamprogetti Netherlands, Kellog Brown & Root (KBR) and JGC Corporation hired Marubeni to bribe lower-level Nigerian government officials to help it obtain and retain contracts to build liquefied natural gas facilities on Bonny Island in Nigeria.[2] TSKJ paid Marubeni US$51 million which was intended, in part, to be used to bribe Nigerian government officials.[3]
| This article about a Japanese corporation- or company-related topic is a stub. You can help Wikipedia by expanding it. |
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)