Oil explorer Afren has called in the SFO (Serious Fraud Office) following concerns raised over expense payments.
The company said the issue focused on the hiring of an individual “within its operations in 2012 and the payment of certain travel and accommodation expenses connected to Afren’s activities”.
Afren notified bondholders of the findings by law firm Wilkie Farr and Gallagher’s.
A review had been carried out by lawyers, which were part of the conditions attached prior to hundreds of millions of pounds being invested into the company.
The latest development comes after its former chief executive and chief operating officer were fired amid claims of gross misconduct and unauthorised payments.