Triton to settle SEC's Indonesia bribery charges

The U.S. Securities and Exchange Commission said Triton Energy Ltd., Dallas, has agreed to pay $300,000 to resolve charges that a subsidiary bribed Indonesian government officials in 1989-90 in violation of the Foreign Corrupt Practices Act. SEC took administrative proceedings against David Gore and Robert Puetz, former officers of Triton, and William McClure and Robert P. Murphy, former officers of Triton Indonesia Inc. Triton Indonesia participated in secondary recovery and field revitalization projects in South Sumatra in the late 1980s (OGJ, Nov. 6, 1988, p. 43). The SEC order alleged Murphy, Triton Indonesia's controller, knowingly participate...

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