UK's Serious Fraud Office charges two former Petrofac executives with bribery

Petrofac

16/02/2024 15:51

LONDON, Feb 16 (Reuters) - Britain's Serious Fraud
Office said on Friday that it had charged two former executives
of oilfield services provider Petrofac, Marwan Chedid and George
Salibi, with bribery.
    The SFO alleges that they were involved in offering and
paying agents over $30 million to influence the awarding of
contracts worth about $3.3 billion in Petrofac's favour over a
period from 2012 to 2018, the SFO said. 
    The two executives, who the SFO said had been based in the
United Arab Emirates, are due to appear at London's Westminster
Magistrates' Court on Feb. 19 to hear the charges against them,
the statement added.

 (Reporting by Muvija M; editing by David Milliken)
 ((Muvija.M@thomsonreuters.com; within the UK: +44 7776813338,
outside the UK: +91 80 61822698; Twitter: https://twitter.com/muvija_m;))