Serious Fraud Office: British exec convicted of bribery in £3 billion Saudi deal
11 Feb 2019

A former sales boss at a London firm has pleaded guilty over allegations he made corrupt offers to influence officials in Saudi Arabia to award the company contracts worth billions.

British national David Lufkin, who worked as Global Head of Sales for Petrofac International Limited, is now awaiting sentencing over the Serious Fraud Office (SFO) allegations.

The SFO said payments of approximately $45 million were made by Petrofac to its agent regarding contracts it was awarded in Saudi Arabia, between July 2012 and November 2015.

The transactions include payments of approximately $21.4 million regarding contracts for a refinery and terminal project worth approximately USD $1.7 billion. Petrofac also ultimately paid out $19.5 million regarding a $1.56 billion project.

Payments of around $2.2 million were also ultimately made by Petrofac regarding a $329.7 million contract on an oilfield in 2012.

Commenting on the case, Petrofac chairman René Médori, Chairman said in a statment: “Petrofac has policies and procedures in place designed to ensure that we operate at the highest levels of compliance and ethics.”

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