HALISTER1: U.K. SFO Probes Petrofac Over Suspected Bribery, Laundering

U.K. SFO Probes Petrofac Over Suspected Bribery, Laundering

(Bloomberg) -- Serious Fraud Office confirms it is investigating activities of Petrofac, its subsidiaries and their officers for suspected bribery, corruption and money laundering, according to a statement on the agency’s website.
  • Shares in the oil-services provider fall as much as 13%
  • Earlier, company said it believed probe is in connection with investigation into Unaoil
    • Co. is cooperating with authorities; CEO, COO questioned under caution by the SFO
  • NOTE: SFO said in April it was investigating U.S. engineering company KBR Inc. over allegations of bribery and corruption, while Swiss power grid maker ABB Ltd. said in February it’s under scrutiny in connection with payments made to the Monaco intermediary

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PFC LN (Petrofac Ltd)
ABBN VX (ABB Ltd)
KBR US (KBR Inc)

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UUID: 7947283

HALISTER1: Fixed-Rate Mortgages Can Pose Increasing Risks to Certain Spanish RMBS - DBRS Commentary

Fixed-Rate Mortgages Can Pose Increasing Risks to Certain Spanish RMBS - DBRS Commentary

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Alfonso Candelas (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
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UUID: 7947283