Petrofac Exec Must Pay Up Over Middle East Bribery Scheme

By Richard Crump (December 15, 2021, 1:57 PM GMT) -- A former Petrofac executive convicted of paying bribes to win contracts for the energy company worth £5.5 billion ($7.3 billion) in the Middle East was ordered at a London court on Wednesday to hand back approximately £141,000 earned from his criminal conduct.

The amount is based on a percentage of the discretionary cash bonus that Petrofac paid to David Lufkin, former head of sales at the oil services firm, between 2013 and 2016, according to a confiscation order agreed with the Serious Fraud Office.

Signing off the order at Southwark Crown Court, Judge Deborah Taylor said she accepted that the total of...

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