UK's Serious Fraud Office charges two former Petrofac executives with bribery [Reuters]
PETROFAC LTD UNSP/ADR (POFCY)
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Source: Reuters
The SFO alleges that they were involved in offering and paying agents over $30 million to influence the awarding of contracts worth about $3.3 billion in Petrofac's favour over a period from 2012 to 2018, the SFO said. The two executives, who the SFO said had been based in the United Arab Emirates, are due to appear at London's Westminster Magistrates' Court on Feb. 19 to hear the charges against them, the statement added. Reporting by Muvija M; editing by David Milliken Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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News
- UK's Petrofac says still grappling with challenging contracts, shares tumble [Reuters]Reuters
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- Former Petrofac Bosses Charged With Bribery by SFO [BNN Bloomberg (Canada)]BNN Bloomberg
- Two men charged with bribery over Petrofac contracts, UK court listing show [Reuters]Reuters
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