Basic Search  |  Summaries  |  Advanced Search

Violation Tracker UK Individual Case

Company: Petrofac Limited
Current Parent CompanyPetrofac Limited
Parent at the Time of the Penalty Announcement: Petrofac Limited
Penalty: £77,034,625
Year: 2021
Date: 4 October, 2021
Offence Group: competition-related offences
Offence Type: bribery
Violation Description: Petrofac Limited pleaded guilty to failing to prevent former senior executives of the Petrofac group of subsidiaries from using agents to systematically bribe officials, to win oil contracts in Iraq, Saudi Arabia and the United Arab Emirates. Petrofac Limited was ordered to pay confiscation of GBP 22,836,985, they were fined over GBP 47,197,640 and the SFO's costs of GBP 7 million.
Action Type: agency action
Agency: Serious Fraud Office
HQ Country of Parent: Jersey
Ownership Structure of Parent: publicly traded
Major Industry of Parent: oilfield services and supplies
Specific Industry of Parent: oilfield services
Source of Data(click here)