Petrofac Pays $150 Million to Settle Bribery Charges

0
Petrofac Ltd, a British oilfield services provider, will pay the UK Serious Fraud Office £77 million ($104.6 million) in penalties for Bribery Act offenses in Iraq, Saudi Arabia, and the United Arab Emirates. It has pleaded guilty to seven separate offenses in a scheme to “systematically bribe officials” to win contracts worth billions of dollars, […]
Must be a Paid Member or a Free Trial Member to Access Content. Members log in here.