Petrofac to Plead Guilty to UK Bribery Charges

On 24 September, the Wall Street Journal reported that the British energy services company Petrofac said it had reached a plea agreement with SFO in relation to an investigation into the company’s failure to prevent bribery.  It was accused of failing to prevent former Petrofac employees from offering or making payments to agents involved in projects in Iraq, UAE and Saudi Arabia, with the offers or payments were made between 2011 and 2017.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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