David Stern and Rebecca Thomas analyse the Petrofac decision on bribery

On 4 October 2021, Petrofac Limited (“Petrofac”) was sentenced at Southwark Crown Court following guilty pleas to seven counts of failing to prevent bribery contrary to s.7 Bribery Act 2010. This followed a four-year corruption and money laundering investigation conducted by the Serious Fraud Office (SFO) and the earlier guilty pleas of David Lufkin, former Global Head of Sales, who was sentenced on the same occasion. This followed pre-charge plea discussions between the parties with agreement being reached as to scope of the indictment and approach to sentencing.

Petrofac must pay a fine of £47m by February 2022, and a further £29.5m by way of costs and confiscation within the next three months. David Lufki...

David Stern

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