Wood settles bribery cases for £127.5m
Engineering and consultancy firm Wood said tonight it had agreed to settle legacy bribery and corruption investigations in Brazil, the UK and US for £127.5 million.
Serious Fraud Office
Serious Fraud Office launches probe into GFG Alliance
International metals group GFG Alliance, which owns Fort William aluminium smelter, is under investigation by the Serious Fraud Office (SFO).
Petrofac boss says confidence in North Sea market based on real activity, not hope
A boss at Petrofac said yesterday his confidence that the North Sea market is picking up in 2021 is based on real activity, rather than mere hope.
Petrofac suspended from competing for Adnoc contracts amid SFO investigation
Petrofac has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
Fourth oil boss convicted of bribery in war-torn Iraq
A former oil and gas boss has been found guilty of conspiring to bribe public officials to win contracts in Iraq following the collapse of Saddam Hussain’s regime.
SFO confiscates millions from ex-Afren execs
The Serious Fraud Office (SFO) has won orders confiscating £5.45 million from former Afren executives.
Aberdeen oil man gets three years in prison for bribery
An Aberdeen oil chief convicted of paying £400,000 in bribes to win contacts in war-torn Iraq has been sentenced to three years in prison.
SFO drops Unaoil probe into ABB
The UK’s Serious Fraud Office (SFO) has dropped its investigation into ABB linked to the Unaoil case.
Former Unaoil executive pleads guilty in Serious Fraud Office bribery case
A former Unaoil executive has pleaded guilty to five offences of conspiracy to give corrupt payments amid a Serious Fraud Office (SFO) investigation.
Fraud office secures fine for FH Bertling over bribes for $20m Angola oil deal
FH Bertling, the former UK division of the German logistics firm, has been fined £850,000 for bribing its way to a lucrative oil contract in Angola.
Serious Fraud Office launches investigation into Greenergy
An investigation has been launched by the Serious Fraud Office (SFO) and Dutch Authorities into UK road fuel supplier Greenergy.
Petrofac boss gets 15% pay boost to £1.7m
Petrofac chief executive Ayman Asfari saw his take-home pay increase by 15% last year, pocketing £1.7million.
Former Petrofac chief convicted in bribery case
A former global head of sales at Petrofac has been convicted as part of a bribery investigation.
Sentencing ‘pushed back’ in North Sea bribery case
The sentencing of North Sea logistics executives convicted of bribery has been pushed back into 2019.
Nine convicted in FH Bertling North Sea bribery case
A £16m bribery case involving FH Bertling has resulted in the conviction of nine people.
Ex-bosses at Afren convicted of fraud
Two former bosses at oil business Afren have been convicted of fraud and money laundering, according to the Serious Fraud Office (SFO).
“Robo-lawyer” to step up fight against economic crime
The UK’s Serious Fraud Office (SFO) has announced that a “robo-lawyer” is going to be used to in its fight against economic crime.
Petrofac’s Asfari returns to the fold as firm ditches deep-water
Petrofac’s board said today that chief executive Ayman Asfari would resume "full executive duties" at the UK energy service giant.
AFW and Wood Group shares take a bashing after fraud inquiry move
Shares in Wood Group and its takeover target Amec Foster Wheeler (AFW) tanked yesterday after the Serious Fraud Office (SFO) formally launched a probe into alleged bribery and corruption.
Amec doesn’t expect serious fraud probe to disrupt takeover
Amec Foster Wheeler doesn't expect a Serious Fraud Office (SFO) investigation to disrupt its takeover with Wood Group.