SFO charges former Petrofac execs with UAE bribery
Chedid and Salibi are due to appear in Westminster Magistrates’ Court on February 19, 2024 to hear the charges.
bribery
Singapore could review Keppel O&M bribery case with new evidence
Deputy Prime Minister Heng Swee Keat said that Singapore could review a decision not to prosecute key figures at Keppel Offshore & Marine Ltd. over a major bribery case involving payments to Brazil’s state-run energy company Petrobras if there’s new evidence that warrants doing so.
Former Keppel O&M management warned over Petrobras bribery scandal
Singapore’s Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six ex-senior management staff of Keppel Offshore & Marine for their alleged bribery involving contracts with Brazil’s state-owned oil company Petrobras.
Botched Unaoil bribery case prompts calls for SFO reform
A London ruling that heavily criticised the behavior of the country’s top fraud cops capped a tough year for the Serious Fraud Office (SFO) that saw prosecutions crumble and a conviction quashed.
Former Petrofac executive ordered to pay £140,000 over bribery case
A former Petrofac executive has been ordered to pay £140,000 over bribery offences in the Middle East.
Petrofac to fundraise £200million to pay for SFO bribery settlement
Petrofac (LON: PFC) has announced a £200million fundraise through share placing in order to help pay a Serious Fraud Office (SFO) fine for bribery offences.
Petrofac and Serious Fraud Office fight over fine after guilty bribery plea
The Serious Fraud Office (SFO) has said Petrofac should face a $209million (£154m) fine for pleading guilty to seven bribery offenses, about double what the company said it can afford at a London court hearing.
Ex-BP oil trader says he was fired over Nigeria bribe concerns
BP fired an ex-oil trader because he voiced concerns about bribes being paid in Nigeria to secure local contracts, according to a sprawling London employment suit that sheds light on the energy giant’s lucrative trading floor.
Wood settles bribery cases for £127.5m
Engineering and consultancy firm Wood said tonight it had agreed to settle legacy bribery and corruption investigations in Brazil, the UK and US for £127.5 million.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Petrofac ‘cut off from key markets’ after Adnoc suspension
Petrofac has been cut off from three of its “largest and most promising” oil markets globally after being suspended from Adnoc tenders, according to new analysis.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
Petrofac suspended from competing for Adnoc contracts amid SFO investigation
Petrofac has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
Former senior Petrofac boss pleads guilty to further bribery charges
A former senior boss at Petrofac has pleaded guilty to further charges of bribery in a Serious Fraud Office (SFO) investigation related to contract wins worth billions of dollars.
Oil trader Trafigura denies Brazil prosecutor bribery claims
Trafigura Group Ltd. denied bribery allegations leveled by Brazilian prosecutors in a civil lawsuit claiming the commodities trader and its staff participated in a kickback scheme to win business with state oil producer Petroleo Brasileiro SA.
SFO secures £1.2million from owner of luxury London home who bribed Petrobras
The Serious Fraud Office (SFO) has secured £1.2million from the owner of a luxury London apartment bought after bribing Brazilian state oil firm Petrobras.
Former Unaoil boss jailed for bribes to win $1.7bn contracts in war-torn Iraq
A former Unaoil executive has been jailed for more than three years for paying bribes to win $1.7bn of contracts in post-occupation Iraq.
Aberdeen oil boss bribery case ‘straddled lockdown like no other’ says SFO chief
The head of the Serious Fraud Office (SFO) has said a case that saw the conviction of an Aberdeen oil man for bribery “straddled the lockdown period like no other”.
Aberdeen oil man gets three years in prison for bribery
An Aberdeen oil chief convicted of paying £400,000 in bribes to win contacts in war-torn Iraq has been sentenced to three years in prison.
UK confiscates £5m London home linked to Petrobras bribery case
U.K. prosecutors have frozen a £5 million apartment in west London owned by a Brazilian businessman implicated in the Petrobras bribery scandal.
Unaoil bribery case involving Aberdeen man suspended over coronavirus outbreak
A UK judge suspended the country’s biggest ongoing corruption trial in London for two weeks, the first such case to have been put on hold because of the coronavirus as an attorneys association asked for all jury trials to be halted.
Mol Group chief executive convicted of bribery
A Croatian court convicted the head of Hungary’s biggest energy group on bribery charges relating to the acquisition of the Balkan nation’s oil company, complicating what’s been one of eastern Europe’s most intractable cross-border corporate conflicts of the past decade.
Gunvor failed to prevent bribery in West Africa
The Office of the Attorney General (OAG) of Switzerland has ordered Gunvor to pay almost 94 million Swiss francs ($94.7mn) for failing to prevent corruption in Congo Brazzaville and Cote d’Ivoire.
Updated: Petrofac facing £400m legal fight over bribery allegations
Petrofac is facing the prospect of a £400 million payout to investors amid legal action linked to an alleged bribery scandal at the oil services firm.
Rolls-Royce ex-executives plead guilty to US bribe charges
Two former Rolls-Royce Holdings Plc executives pleaded guilty to U.S. charges that they orchestrated international bribes over more than a decade, continuing an Obama-era effort to hold individuals responsible for corporate misconduct.