Aramco to Investigate Tyco Bribery Case

Saudi Aramco will seek the cooperation of Tyco in investigating the Swiss company admission that some Aramco employees have accepted bribes from Tyco to win contracts with the state-owned oil giant, al-Sharq reported Saturday.

The newspaper quoted an unnamed senior official in Aramco who said the company will ask Tyco to provide them with the names of Aramco employees who got involved in the bribery. He also said the company will run an internal probe and cooperate with the government anti-corruption bodies.

Local media reported that Aramco sent a statement saying they have stopped their dealings with Tyco and began an investigation in the bribery allegations. Tyco agreed Monday to pay more than $26 million to resolve US charges that it bribed officials of companies including Saudi Aramco to win contracts.