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Soma Oil & Gas Faces Corruption Probe by SFO

Jaclyn Jaeger | August 14, 2015

The U.K. Serious Fraud Office recently announced that it has opened a criminal investigation into London-based Soma Oil & Gas Holdings relating to allegations of corruption in Somalia.

The SFO said that it’s also investigating Soma Oil & Gas Exploration Limited, Soma Management Limited, and others. It did not release any further details about the investigation.

In a statement, Soma Oil & Gas confirmed that it has been informed by the SFO that it is investigating an allegation that has been made against the company. “Soma Oil & Gas is confident that there is no basis to the allegation and it is co-operating fully with the SFO to answer it’s queries,” the company said. “Soma Oil & Gas has always conducted its activities in a completely lawful and ethical...

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