Oilman Sues BP and Others Over Alleged FCPA Violations
The CEO of Denver-based Grynberg Productions is trying a new strategy to escape possible FCPA violations: suing a bunch of his rivals. This month Jack Grynberg, the eponymous chairman of the oil company, sued British oil company BP, BP Chief Executive Tony Hayward, Former BP Chief Executive John Browne, Norway’s Statoil and others, accusing them all of bribing officials in Kazakhstan in order to win oil and gas contracts, according to a report by the UK’s Telegraph.
It is almost unheard of for a person to sue his business partners for alleged FCPA violations - or any kind of violations for that matter - in order to not be implicated himself. As the FCPA blog points out, previous precedent was set when Alba sued Alcoa over alleged Bahrain bribery. The 76-year-old Grynberg says he had no knowledge of the alleged bribes and hopes to avoid DOJ prosecution by filing suit against the defendants. As he put it, “Unless I assert that I was an unwilling participant in this, my neck could be on the line. I’m too old to go to prison.”
This lawsuit comes only a couple weeks after Grynberg sued BP and Lord Browne for alleged bribery in Grenada. In fact, the Telegraph says Grynberg has brought over “73 separate lawsuits against rivals in his industry. Mr. Grynberg admits that he is litigious, but claims that he has a 98 percent success rate in court actions.”
Whether or not this subterfuge will keep Grynberg out of prison remains to be seen, but we do know he’ll be spending quite a bit of his remaining years in court.
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