Analysis

Helping SFO Still A Gamble For Execs After Petrofac

By Richard Crump (October 4, 2021, 9:57 PM BST) -- Even though a former Petrofac executive avoided prison time Monday for bribery after offering "considerable assistance" to investigators, white collar defense lawyers warned that becoming a prosecution witness remains a risky gamble for individuals being investigated by U.K. fraud cops.

The Petrofac logo is displayed on a phone in this photo illustration. (SOPA Images/Getty) In a plea deal with the Serious Fraud Office, Petrofac was fined $96 million on Monday after admitting to seven counts of failing to prevent bribery, but the energy services company would never have pled guilty without the cooperation of David Lufkin, its former head of sales, Judge...

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