Baker Hughes discloses Securities & Exchange Commission sanctions investigation

The US oil company Baker Hughes has disclosed in its annual report for 2020 (Form 10-K) that it has received notice that the US Securities and Exchange Commission is conducting a formal investigation into Baker Hughes’ books, records and internal controls regarding sales of its products and services in projects impacted by US sanctions. An internal review is on-going, and …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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