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Afren notifies Serious Fraud Office over alleged expense payments

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.