The U.K. Serious Fraud Office confirmed that it is investigating the activities of oilfield services provider Petrofac, its subsidiaries, and their officers, employees, and agents for suspected bribery, corruption, and money laundering. This investigation is related to the SFO’s ongoing investigation into the activities of Unaoil.
In August 2016, Petrofac concluded its independent investigation commissioned by the board into allegations in the media related to Unaoil. In that investigation, the board confirmed that no evidence was found that any director of the company was aware of the alleged misconduct that is the subject of the allegations. “The independent investigation has thoroughly investigated the allegations, based solely on the information available to the company and recognising their historical nature and wider context beyond Petrofac,” the company stated.
Petrofac confirmed that it engaged Unaoil for local consultancy services primarily in Kazakhstan between 2002 and 2009. The independent investigation did not find evidence confirming the payment of bribes.
“Petrofac enforces strict anti-bribery and corruption standards and a compliance programme focused on training, monitoring, risk management, and due diligence,” the company stated. “The programme mandates compliance with all anti-bribery and corruption and anti-money laundering laws, rules, and regulations.”