Energy

US probing China’s Sinopec over Nigeria bribery allegations

U.S. authorities are investigating China Petroleum & Chemical Corp. over allegations that the state-controlled oil producer paid Nigerian officials about $100 million worth of bribes to resolve a business dispute, according to people familiar with the probe. Investigators from the Securities and Exchange Commission and Justice Departmentare looking into allegations that outside lawyers acting as middlemen for the company,

Culled From Businessdayonline

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