Petrofac Sentencing Hearing for Bribery Delayed to End of Week
September 27 2021 - 11:34AM
Dow Jones News
By Joe Hoppe
Petrofac Ltd. said Monday that the sentencing hearing for its
plea agreement with the U.K.'s Serious Fraud Office in relation to
seven counts of failure to prevent bribery has been delayed until
Friday.
The provider of services to the energy industry said that the
sentencing at Southwark Crown Court has been delayed due to court
scheduling.
The Jersey, U.K.-based company said on Sept. 24 that it would
make guilty pleas to seven counts of failing to prevent former
Petrofac employees from offering or making payments to agents
involved in projects awarded in Iraq, the United Arab Emirates and
Saudi Arabia between 2012 and 2015, in violation of the U.K.
Bribery Act 2010. The offers or payments were made between 2011 and
2017, it said.
A penalty will be made at the sole discretion of the court.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
September 27, 2021 11:19 ET (15:19 GMT)
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