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.
Serious Fraud Office (SFO)
Glencore bribery charges over ex-staff hit with fresh delays
The UK’s fraud prosecutor delayed its decision to charge ex-Glencore staff over allegations they were involved in widespread corruption at the company to July 2024, leaving as many as 11 former employees in legal limbo for months to come.
SFO head Osofsky calls it quits
Lisa Osofsky will leave her role at the head of the Serious Fraud Office (SFO) in the summer of 2023. She will have served only one term.
Glencore flew cash across Africa in private jets to pay bribes
Glencore officials delivered cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading desk.
UK prosecutors implicate 11 Glencore employees in bribery probe
As many as 11 Glencore Plc employees could be under investigation by UK prosecutors as the company prepares to be sentenced for bribery across five African countries, prosecutors said.
Court reverses conviction of Aberdeen man in Unaoil bribery case
The Court of Appeal has reversed a conviction of Aberdeen exec Stephen Whiteley, the third such reversal for cases stemming from the Unaoil scandal.
Aberdeen man involved in Unaoil bribery case appeals conviction after similar cases quashed
An Aberdeen man found guilty of paying bribes to win oil contracts in war-torn Iraq has appealed against his conviction.
Petrofac reverses 10% pandemic pay cut after slashing workforce by more than a quarter
Petrofac has awarded eligible employees a 5% pay increase, reversing pandemic related cuts initiated two years ago, as the company now looks to “recovery and growth” in 2022.
Second Unaoil conviction crumbles on appeal, in blow to SFO
The Court of Appeal has quashed another conviction related to alleged wrongdoing by Unaoil, setting Paul Bond free today in another rebuff to the Serious Fraud Office (SFO).
Petrofac wins way back in to Adnoc tenders
Petrofac is back in Adnoc’s good books, the contractor has said, allowing it to participate once more in tenders.
UK pledges ‘forensic’ SFO probe after botched oil bribery case
The UK’s chief legal adviser pledged a “forensic and robust” review of the Serious Fraud Office’s botched handling of a bribery case as it weighs making changes at the country’s top fraud prosecutor.
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.
SFO under fire over disclosure as Unaoil conviction crumbles
The Serious Fraud Office (SFO) saw one of its Unaoil convictions thrown out earlier this month and appeals for a second are moving ahead.
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.
Former CEO Asfari increases Petrofac stake by £27million in new share issue
Former Petrofac boss Ayman Asfari has increased his holdings in the company, as part of a £200m share offer to pay debt and bribery fines.
Aberdeen man embroiled in Unaoil bribery case ordered to repay almost £100,000
A former senior executive from Unaoil has been ordered to repay tens of thousands of pounds worth of criminal gains.
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.
End of Petrofac investigation will unlock ‘lucrative’ Saudi and UAE markets
An investigation into allegations of bribery at Petrofac, which wrapped up yesterday, “will unlock the lucrative” Saudi Arabia and United Arab Emirates (UAE) markets.
Petrofac fined £77 million for failing to prevent bribery
Petrofac (LSE: PFC - 192.4p) has been ordered to pay £77 million over seven separate counts of failure to prevent bribery between 2011 and 2017.
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.
Updated: Petrofac charged with seven separate offences of failing to prevent bribery, intends to plead guilty
Energy services giant Petrofac has been charged with seven separate offences of failing to prevent bribery between 2011 and 2017.
Updated: Shares in Wood dip after forecasted drop in revenue, firm expects bribery cases to conclude in June
Shares in energy services giant Wood have dipped after the company projected a revenue drop in the first half of the year.
Former Unaoil executive ordered to pay £402k in confiscation
A former Unaoil executive has been ordered to pay almost half a million pounds in confiscation or face more time behind bars.
US charges four in Chadian bribery case
The US has charged two former Chadian diplomats with international bribery and money laundering.
Petrofac: Asfari takes pay cut in final year as CEO
Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation.