Region: Iraq

The Petrofac bribery schemes: where, what and how

UK oil services company Petrofac has admitted to failing to prevent its agents and employees from paying bribes to win contracts worth billions of dollars throughout the Middle East. GIR takes a deep dive into the bribery schemes and compliance failures that led to the guilty plea.

05 October 2021

Petrofac sentenced in “systemic, serious and grave” foreign bribery case

A London court has ordered oil services company Petrofac to pay £77 million after the company admitted seven counts of failing to prevent bribery between 2011 and 2017.

04 October 2021

Iraqi MPs call for investigation into GE and Siemens contracts

20 August 2021

SFO told to disclose records of meetings with Unaoil “fixer”

A London court has ordered the SFO to hand over records of meetings between senior officials, including director Lisa Osofsky, and a private intelligence operative in connection to a bribery probe into Monegasque oil consultancy Unaoil.

01 July 2021

Report: SFO Petrofac investigation looking at alleged bribery in nine countries

21 June 2021

Former Unaoil executive must return £402,000 over bribery scheme

18 June 2021

The Netherlands targets PwC in SHV corruption case

Dutch prosecutors are investigating PwC and executives in connection with a vast alleged bribery scheme orchestrated by subsidiaries of Dutch trading firm SHV Holdings.

29 April 2021

Former SBM Offshore exec sentenced in Unaoil bribery case

Paul Bond did “his utterly dishonest best” to create a false narrative when presented with evidence of his participation in the corruption, a London judge said on Monday when he sentenced the former SBM Offshore sales manager to three-and-a-half years’ imprisonment.

01 March 2021

SFO secures conviction of former SBM Offshore executive

A London jury has found Paul Bond, a former sales manager at Dutch oil company SBM Offshore, guilty of taking part in a scheme to bribe Iraqi officials in exchange for oil contracts.

24 February 2021

Australian prosecutors file more charges against former Leighton Offshore executive

23 February 2021

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