The UK’s Serious Fraud Office (SFO) has dropped its investigation into ABB linked to the Unaoil case.
A UK judge suspended the country’s 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.
Energy services giant Wood saw more than £330 million wiped off its market value yesterday, despite results showing a strong financial performance in 2018.
The Serious Fraud Office (SFO) has brought fresh bribery charges against Unaoil in relation to a £555million contract.
Two men have been charged with conspiring to pay bribes to secure oil contracts, the Serious Fraud Office (SFO) said.
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.
Petrofac said an internal investigation into its board related to historical provision of services to company by Unaoil has found no wrongdoing of any director.