Following a hearing today at Southwark Crown Court, the Serious Fraud Office (SFO) secured a confiscation order worth over £140,000 against former senior Petrofac executive, David Lufkin.
UK court fines Petrofac (PFC.L) £70 million for bribery offences
Petrofac was fined £77m on seven separate charges related to failing to prevent bribery from the Middle East. The London-listed oil service provider pleaded guilty to the charges last month.
Petrofac (PFC.L) agrees to a plea deal with the UK’s serious fraud watchdog
Petrofac, an oil services company, has reached a plea agreement with the UK fraud watchdog to close a long-running inquiry.