The U.K. Serious Fraud Office on June 3 fined U.K.-based logistics and freight operations company FH Bertling £850,000 (U.S. 1.08 million) for a bribery scheme created to secure contracts in Angola.
The four-year investigation and prosecution by the SFO targeted FH Bertling’s involvement in an oil project in Angola, revealing that senior executives had conspired to pay bribes to an Angola state oil company agent to secure around $20 million worth of shipping contracts. The bribes amounted to $350,000, according to the SFO.
