25th Nov 2019 06:45
(Alliance News) - Oilfield services firm Petrofac Ltd is facing a further investigation for corruption, the Guardian reported on Sunday.
FTSE 250 listed Petrofac, the newspaper said, has been alleged to have maintained a false set of accounts to hide bribes to foreign government officials as part of an investigation by US regulators into another firm in the sector, Unaoil.
This is on top of an ongoing investigation into Petrofac over suspected bribery and money laundering by the UK Serious Fraud Office.
https://www.theguardian.com/business/2019/nov/24/petrofac-accused-of-keeping-fake-accounts-to-disguise-bribes
Petrofac shares closed flat on Friday in London at a price of 400.40 pence each.
By George Collard; [email protected]
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