SECURITIES AND EXCHANGE COMMISSION Washington, D.C. LITIGATION RELEASE NO. 15396 / June 26, 1997 ACCOUNTING AND AUDITING ENFORCEMENT RELEASE NO. 931 / June 26, 1997 SECURITIES AND EXCHANGE COMMISSION v. TRITON ENERGY CORPORATION, ET AL., Civil Action No. 1:97CV00401 (RMU) (D.D.C.) On June 26, 1997, the Securities and Exchange Commission filed a consent settlement of a pending civil action against Richard L. McAdoo, a former senior officer of Triton Indonesia, Inc. (Triton Indonesia), a subsidiary of Triton Energy Corporation ("Triton Energy"). McAdoo consented, without admitting or denying the allegations contained in the Commission's Complaint, to the entry of a Final Judgment that permanently enjoins him from violating the antibribery provision and the internal control and books and records provision of the Foreign Corrupt Practices Act ("FCPA"), Sections 30A(a) and 13(b)(5) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 13b2-1 thereunder. The Final Judgment also orders McAdoo to pay a $35,000 penalty pursuant to Sections 32 and 21(d)(3)(A) of the Exchange Act. The Commission's Complaint, filed on February 27, 1997, in the United States District Court for the District of Columbia, alleged that during the years 1989 and 1990, McAdoo and Philip W. Keever, another former officer of Triton Indonesia, authorized numerous improper payments to Roland Siouffi, Triton Indonesia's business agent acting as an intermediary between Triton Indonesia and Indonesian government agencies, knowing or recklessly disregarding the high probability that Siouffi either had or would pass such payments along to Indonesian government employees for the purpose of influencing their decisions affecting the business of Triton Indonesia. The complaint alleges that these payments were made in violation of the FCPA. According to the complaint, McAdoo and Keever, together with other Triton Indonesia employees, also concealed these payments by falsely documenting and recording the transactions as routine business expenditures. Keever and Triton Energy, who were also charged in the Complaint, previously settled with the Commission. See Litigation Release No. 15266 (February 27, 1997). ======END OF PAGE 1======