Petrofac Pays $150 Million to Settle Bribery Charges

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, […]
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