LyondellBasell says it won’t face foreign bribery charges

|About: LyondellBasell Industries N.V. (LYB)|By:, SA News Editor

LyondellBasell (LYB) says the U.S. Justice Department has declined to prosecute it for potential foreign bribery law violations.

LYB discloses that the Justice Department told it last month that it closed an investigation relating to a project in Kazakhstan that had raised concerns about possible violations of the Foreign Corrupt Practices Act.