Petrofac accused of keeping fake accounts to disguise bribes
25 Nov 2019

A multinational energy firm accused by prosecutors of maintaining a fake set of accounts to disguise the payment of bribes to foreign government officials has been identified by the Guardian as the UK-based company Petrofac.

Petrofac, which is headed by a major Tory donor, has been under investigation by the UK’s anti-corruption agency, the Serious Fraud Office (SFO), for suspected bribery and money laundering.

The allegations of corruption have emerged as part of a separate investigation by US prosecutors into another firm, Unaoil.

Petrofac, which is a FTSE 250 company, said no charges had been brought against any of its companies or current employees since the SFO started its investigation three years ago.

In a press statement published by US prosecutors last month, two brothers who ran Unaoil admitted their roles in paying multimillion-dollar bribes to officials in Kazakhstan and eight other countries over 17 years.

By David Pegg, Harry Davies and Rob Evans, The Guardian, 24 November 2019

Read more at The Guardian

Photo: SFO © Crown copyright

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