Foreign Corrupt Practices Act: Investigations Dataset

Investigation Name: Investigation into LyondellBasell's Activities in Kazakhstan

Trend: None

Type of investigation: Internal, DOJ

Other Agencies Investigating/Assisting with DOJ Investigation: Unknown

Whistleblower: Unknown

Summary

LyondellBasell Industries N.V. ("Lyondell") is a Dutch-domiciled multinational chemical company with American and British roots, incorporated in the Netherlands, with U.S. operations headquarters in Houston, Texas. Its shares are traded on the NYSE.

In its November 11, 2010 10-Q, Lyondell disclosed that it had identified an agreement related to a former project in Kazakhstan under which a payment was made that raised compliance concerns under the FCPA. Lyondell engaged outside counsel to investigate these activities, under the oversight of the Audit Committee of the Supervisory Board, and to evaluate internal controls and compliance policies and procedures. Lyondell voluntarily disclosed these matters to the U.S. Department of Justice. The company indicated that it cooperated fully with that agency.

In January 2014, the U.S. Department of Justice advised Lyondell that it had closed its investigation into this matter. No fine or penalty was assessed.

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| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into LyondellBasell's Activities in Kazakhstan

Information & Summary

Protected Content