Baghdad / NINA / - The British oil services group "Petrofac" confirmed that it will plead guilty to seven counts of bribery to secure projects in Iraq, Saudi Arabia and the UAE between 2012 and 2015, describing it as a "very unfortunate period."
The company indicated its plans in London's Westminster Magistrates Court after it was formally indicted by the UK's Serious Fraud Office (SFO), drawing the line for a four-year criminal investigation.
Petrofac said, "Offers or payments to agents to help secure projects took place between 2011 and 2017, but all employees involved left the company."
"This has been a very unfortunate period in Petrofac's history," Chairman Rene Midori said in a statement, adding that a "comprehensive program to renew the company" had been approved by the Office of Organized Crime.
Former CEO David Lufkin, who separately pleaded guilty to 14 counts of bribery to secure multi-billion dollar contracts for Petrofac in the Middle East, is also expected to be indicted./ End
ليصلك المزيد من الأخبار اشترك بقناتنا على التليغرام
The company indicated its plans in London's Westminster Magistrates Court after it was formally indicted by the UK's Serious Fraud Office (SFO), drawing the line for a four-year criminal investigation.
Petrofac said, "Offers or payments to agents to help secure projects took place between 2011 and 2017, but all employees involved left the company."
"This has been a very unfortunate period in Petrofac's history," Chairman Rene Midori said in a statement, adding that a "comprehensive program to renew the company" had been approved by the Office of Organized Crime.
Former CEO David Lufkin, who separately pleaded guilty to 14 counts of bribery to secure multi-billion dollar contracts for Petrofac in the Middle East, is also expected to be indicted./ End
ليصلك المزيد من الأخبار اشترك بقناتنا على التليغرام
