Financial Crime Financial Crime

Petrofac seeks investor cash to help pay SFO bribery fine

By Martin Coyle
  • 26 Oct 2021 10:12
  • 26 Oct 2021 10:12
Petrofac is seeking to raise hundreds of millions of dollars from shareholders as it grapples with the fallout from its recent conviction in a London court for bribery offenses.

Earlier this month the oil services company was ordered to pay more than $100 million in fines, confiscation and costs, afte

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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