• Road to riches

    Taxpayers keep funding structures with big plans but who knows what efficacy, says Mandi Smallhorne.

  • Don't fall for Ponzi scams

    An expert unpacks the tell-tale signs to watch out for.

  • Inside Labour

    A smokescreen of misleading rhetoric won't make SA's problems go away, says Terry Bell.

Loading...
See More

BP to pay record fine for spill - source

Nov 15 2012 09:30 Reuters

Related Articles

Oil giants charged with price-fixing

BP first-quarter profit slides 18%

BP probes corruption claim in shipping unit

BP in $14bn oil spill settlement talks

BP seen paying $20-25bn for oil spill

BP free to sell TNK-BP stake

 
Wshington - BP will pay a record criminal penalty to resolve some of its liability for the 2010 Deepwater Horizon disaster in a deal to be announced by the US Justice Department as soon as Thursday, a source told Reuters.

The source familiar with discussions did not disclose the actual amount of BP's payment but said it would be the largest criminal penalty in US history. That record is currently held by Pfizer, which paid a $1.3bn criminal fine in 2009 for marketing fraud connected to its Bextra pain medicine.
 
bp

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

People who fall victim to Ponzi scams are:

Previous results · Suggest a vote

Loading...