Petrofac issues new statement in ongoing Serious Fraud Squad corruption probe

N. Sea offshore services provider Petrofac has issued an update on the investigation into the company by the UK Serious Fraud Squad.

The police probe – launched in May 2017 – also included the subsequent arrest under caution of chief executive and substantial Tory Party donor Ayman Asfari. He was later released.

The Serious Fraud Squad investigation is wide ranging in time and scope, and relates to the activities of Petrofac, its subsidiaries, and their officers, employees and agents for suspected bribery, corruption, and/or money laundering.

Petrofac Chief Executive Ayman Asfari
Petrofac Chief Executive Ayman Asfari

A Petrofac spokesman said yesterday: “The company continues to engage with the SFO. This engagement has involved and is expected to continue to involve the interview of directors of the company, including the chairman, executive directors and non-executive directors, as well as employees, either under Section 2 of the Criminal Justice Act or under caution.

“In addition, the Company has provided and will continue to provide relevant documents to the SFO.

“No further comment will be made on the basis that this may prejudice an ongoing investigation. We also do not anticipate providing further updates on this matter.”

6 Feb 2018

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