Financial Crime Financial Crime

Petrofac faces multimillion-pound fine following bribery guilty pleas (update*)

By Martin Coyle
  • 01 Oct 2021 08:02
  • 04 Oct 2021 07:39
Petrofac faces a penalty of up to 130 million pounds, following its guilty pleas to charges brought by the Serious Fraud Office of failing to prevent bribery in oil contracts worth billions of dollars today.

The company struck a plea agreement with the prosecutor last month after admitting it used corrupt agents

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