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Article

18 Mar 2010

Author:
Rob Evans, Guardian [UK]

Chemical firm Innospec admits bribing foreign officials

A multinational firm today admitted paying bribes to foreign officials to boost sales of a chemical that is too poisonous to be sold to the general public in Britain...Innospec [formerly Octel] also admitted making corrupt payments to Indonesian officials to stop the dangerous chemical being outlawed in the country. In a co-ordinated and ground-breaking prosecution by the Serious Fraud Office and the US government, the firm…was tonight fined $25m by an American court. Innospec...is understood to be the world's only remaining manufacturer of tetraethyl lead (TEL), a compound...[that] is known to be highly poisonous to humans…