Former Petrofac Bosses Charged With Bribery by SFO.

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      MIDDLE East
    • Abstract:
      Two former executives of Petrofac Ltd., a UK oil-service provider, have been charged with bribery by the Serious Fraud Office (SFO). The charges were brought against ex-chief operating officer Marwan Chedid and senior executive George Salibi, who worked in Petrofac groups based in the United Arab Emirates. The SFO alleges that between 2012 and 2018, Chedid and Salibi offered and paid agents over $30 million to influence contracts worth around $3.3 billion in Petrofac's favor. This comes after Petrofac was fined $95 million in 2021 for failing to prevent bribery offenses. [Extracted from the article]
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