Petrofac has hired a top lawyer to oversee the Serious Fraud Office’s ongoing investigation into the Unaoil corruption scandal.
Edward Sparrow, one of the best-known litigators in the City, will be responsible for the company’s “management of, and response to, the investigation”, Petrofac said on Wednesday.
The SFO announced in May that it would investigate allegations that Petrofac used scandal-hit Unaoil as a middleman to secure consultancy contracts worth $2bn in Kazakhstan between 2002 and 2009.
Petrofac previously said it has not identified any evidence of wrongdoing but takes any allegations of activities that may contravene its strict anti-bribery and corruptions standards very seriously.
Unaoil denies the allegations.
This article has been summarised, the full original article can be found at telegraph.co.uk