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Violation Tracker Individual Record

Company: Tenaris S.A.
Current Parent Company: Techint
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $3,500,000
Year: 2011
Date: May 17, 2011
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Violation Description: Tenaris S.A., a publicly traded corporation headquartered in Luxembourg, agreed to pay a $3.5 million penalty for alleged violations of the Foreign Corrupt Practices Act and entered into a non-prosecution agreement with the Department of Justice.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: Italy
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.