Calgary's Griffiths Energy faces foreign corruption charges
CALGARY — Calgary-based Griffiths Energy International Inc. has been charged by the Public Prosecution Service of Canada (PPSC) in relation to foreign contracts.
The company launched an internal investigation after discovering in November of 2011 that the prior management and board of directors had entered contracts with two entities owned and controlled by a foreign public official and his spouse between August of 2009 and February of 2011.
Since the company disclosed the results of its investigation to certain authorities, it has been working with RCMP, the Public Prosecution Service of Canada and the U.S. Department of Justice, says a news release.
Griffiths Energy was this week charged under Canada’s Corruption of Foreign Public Officials Act by the PPSC.
“We’ve worked extensively with the Crown and the RCMP throughout and we anticipate a negotiated resolution in the very near future,” said company president and CEO Gary Guidry.
“We can’t say any more at this time, but will commit to providing more details as soon as a resolution is approved by the court and made public.”
Griffiths Energy is focused on oil and gas exploration development and production activities in the Republic of Chad, Africa.
In 2011, the company acquired production sharing contracts from the Republic of Chad government which provide exclusive rights to explore and develop reserves and resources over an area of more than 26,00 sq. km.