SFO Claws Back Funds From Deceased Petrofac Bribery Fixer

By Joel Poultney (April 29, 2022, 7:01 PM BST) -- The U.K.'s fraud investigator said on Friday that it had recovered nearly £600,000 ($755,000) from accounts linked to a now-deceased Petrofac fixer embroiled in a string of bribery charges.

The Serious Fraud Office recouped the money from three frozen accounts linked to Basim al-Shaikh, who coordinated payments to secure lucrative contracts on behalf of the oil and gas services company in the Middle East.

Westminster Magistrates' Court allowed investigators to seize the money after it slapped the accounts linked to al-Shaikh with forfeiture orders on Thursday.

The former agent used two United Arab Emirates companies — Gulf Development Marine Services and...

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