Former UK Oil Exec Cops To Paying Bribes For Mideast Deals

Law360, London (February 7, 2019, 10:57 AM GMT) -- A former executive with the oil company Petrofac has pled guilty to 11 counts of bribery in a London court in relation to contracts valued at more than $4 billion in the Middle East, delivering a major win for the U.K.'s Serious Fraud Office.

David Lufkin, Petrofac International Ltd.'s 51-year-old former global head of sales, entered pleas under the Bribery Act 2010 at Westminster Magistrates' Court on Wednesday, the SFO said in a statement on Thursday.

“These offences relate to the making of corrupt offers to influence the award of contracts to Petrofac worth in excess of $730 million in Iraq...

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