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.
Serious Fraud Office (SFO)
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.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
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.
Former senior Petrofac boss pleads guilty to further bribery charges
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.
SFO secures £1.2million from owner of luxury London home who bribed Petrobras
The Serious Fraud Office (SFO) has secured £1.2million from the owner of a luxury London apartment bought after bribing Brazilian state oil firm Petrobras.
Former Unaoil boss jailed for bribes to win $1.7bn contracts in war-torn Iraq
A former Unaoil executive has been jailed for more than three years for paying bribes to win $1.7bn of contracts in post-occupation Iraq.
Aberdeen oil boss bribery case ‘straddled lockdown like no other’ says SFO chief
The head of the Serious Fraud Office (SFO) has said a case that saw the conviction of an Aberdeen oil man for bribery “straddled the lockdown period like no other”.