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Petrofac under investigation by SFO

12 May 2017 13:20

Petrofac has confirmed that the Serious Fraud Office has commenced an investigation into the Company and its subsidiaries.

The Company believes that this is in connection with the investigation into Unaoil.

It added:

"As previously disclosed, Petrofac engaged Unaoil, a Monaco based company, for the provision of local consultancy services primarily in Kazakhstan between 2002 and 2009. The Company is cooperating with the authorities. Ayman Asfari, Chief Executive Officer, and Marwan Chedid, Chief Operating Officer, have been questioned under caution by the SFO."

At 1:20pm: (LON:PFC) Petrofac Ltd share price was -20.5p at 794p

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Related Company: PFC

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