Petrofac made admission as part of deal to end four-year corruption investigation by Serious Fraud Office
A multinational oil firm, which was led by a major Conservative donor, has admitted that its employees paid bribes to land contracts, as it struck a deal to end a corruption investigation into the company.
The admission was announced by the firm, Petrofac, on Friday to settle a four-year corruption and money laundering investigation by the Serious Fraud Office.
Continue reading...Former PMs asked princes to support bid for $5bn contract by Ayman Asfari’s firm Petrofac
Two former Conservative prime ministers lobbied a Middle Eastern royal family to award a multi-billion dollar oil contract to a company headed by a major Tory donor, the Guardian has established.
In March 2017, while in Downing Street, Theresa May wrote to the Bahraini prime minister to support the oil firm Petrofac while it was bidding to win the contract from the Gulf state.
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