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 Brazilโs state-run energy company Petrobras if thereโs new evidence that warrants doing so.
Singaporeโs 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 Brazilโs state-owned oil company Petrobras.
A London ruling that heavily criticised the behavior of the countryโs top fraud cops capped a tough year for the Serious Fraud Office (SFO) that saw prosecutions crumble and a conviction quashed.
Petrofac (LON: PFC) has announced a ยฃ200million fundraise through share placing in order to help pay a Serious Fraud Office (SFO) fine for bribery offences.
The Serious Fraud Office (SFO) has said Petrofac should face a $209million (ยฃ154m) fine for pleading guilty to seven bribery offenses, about double what the company said it can afford at a London court hearing.
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 giantโs lucrative trading floor.
Engineering and consultancy firm Wood said tonight it had agreed to settle legacy bribery and corruption investigations in Brazil, the UK and US for ยฃ127.5 million.
In late 2019 Gunvor Group, one of the worldโs biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Petrofac has been cut off from three of its โlargest and most promisingโ oil markets globally after being suspended from Adnoc tenders, according to new analysis.
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.
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.
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.
The Serious Fraud Office (SFO) has secured ยฃ1.2million from the owner of a luxury London apartment bought after bribing Brazilian state oil firm Petrobras.
The head of the Serious Fraud Office (SFO) has said a case that saw the conviction of an Aberdeen oil man for bribery โstraddled the lockdown period like no otherโ.
A UK judge suspended the countryโs 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.
A Croatian court convicted the head of Hungaryโs biggest energy group on bribery charges relating to the acquisition of the Balkan nationโs oil company, complicating whatโs been one of eastern Europeโs most intractable cross-border corporate conflicts of the past decade.
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 dโIvoire.
Petrofac is facing the prospect of a ยฃ400 million payout to investors amid legal action linked to an alleged bribery scandal at the oil services firm.
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.
Saudi Arabian Oil and gas investment company, Al Rushaid Group, have brought a successful court action to claim damages for loss or revenue and reputational damage as a consequence of a small business owners dishonest and fraudulent actions.