Region: Saudi Arabia

Convicted former Petrofac executive ordered to forfeit annual bonuses

A former top sales executive at oil services company Petrofac must disgorge £141,000 in profits from his role in several foreign bribery schemes.

15 December 2021

NCA serves arrest warrant in 1MDB case

The UK’s National Crime Agency has served PetroSaudi’s lawyers with an arrest warrant seeking around $300 million that was allegedly stolen from Malaysian sovereign wealth fund 1MDB.

29 November 2021

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

Solicitor General explains why SFO didn’t present GPT whistleblower’s victim impact statement to court

06 July 2021

Whistleblower who reported Airbus subsidiary's Saudi bribes leaves organisation

European airplane manufacturer Airbus has let go of the employee who first blew the whistle on a Saudi Arabian bribery scheme that resulted in a subsidiary being convicted of corruption.

02 July 2021

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

21 June 2021

US court finds that FBI illegally seized ex-Twitter employee’s messages

17 June 2021

Ex-Saudi intelligence chief to fight $3.5 billion Canadian embezzlement claim

12 May 2021

Drago Kos: Airbus GPT case shows UK SFO is “badly needed”

The chair of the OECD’s working group on bribery says the Serious Fraud Office’s successful prosecution of an Airbus subsidiary in a politically sensitive case clearly illustrates that the under-fire agency is essential to the UK’s fight against corruption.

04 May 2021

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