26th Jun 2019 17:14
(Alliance News) - The UK Serious Fraud Office has dropped an investigation into Unaoil executives, Guardian newspaper reported late Tuesday, citing people familiar with the matter.
The SFO had been probing claims that Unaoil - a Monaco-based consultancy that worked with Petrofac, primarily in Kazakhstan between 2002 and 2009 - had paid multi-million pound bribes to win large oil and gas contracts.
The SFO separatel is probing Petrofac since May 2017, as part of a wider probe into Unaoil.
Petrofac shares closed up 15% at 465.20 pence on Wednesday.
https://www.theguardian.com/business/2019/jun/25/sfo-drops-investigation-into-trio-accused-of-energy-industry-bribes-unaoil
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