25th Nov 2019 11:16
(Alliance News) - Oilfield services firm Petrofac Ltd has been cited in a US Department of Justice probe into Unaoil, the Guardian reported on Sunday.
FTSE 250 listed Petrofac, the newspaper said, is alleged to have maintained a false set of accounts to hide bribes to foreign government officials. The allegation has been made as part of an investigation by US regulators into Unaoil.
Petrofac is currently under investigation by the UK Serious Fraud Office over suspected bribery and money laundering.
Petrofac responded to the Guardian report: "No charges have been brought against any Petrofac group company or any serving directors, officers or employees since the SFO's investigation began. Petrofac is a responsible business with clear anti-bribery and corruption standards and we only expect to be awarded contracts by submitting the best technical and most competitive commercial offer.
"As previously disclosed, Petrofac engaged Unaoil for the provision of local consultancy services primarily in Kazakhstan between 2002 and 2009. The findings from the company's independent investigation into this period were proactively shared with the SFO in 2016. We continue to engage with the SFO and are focused on bringing this matter to closure."
https://www.theguardian.com/business/2019/nov/24/petrofac-accused-of-keeping-fake-accounts-to-disguise-bribes
Petrofac shares were 1.8% lower on Monday morning in London at 393.12 pence each.
By George Collard; [email protected]
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