UK FRAUD OFFICE AUTHORISED TO RECOVER MILLIONS IN CORRUPT OIL DEAL
March 1st, 2018
THE UK Serious Fraud Office (SFO) is to regain GBP4.4 million (USD6.2 million) in a corruption case where Canada’s Griffiths Energy bribed Chadian diplomats in the United States and Canada with discounted shares deals and “consultancy fees”.
Griffiths used a front company ‘Chad Oil’ set up in September 2009, just five days before agreements were signed, the SFO said. The SFO is acting because
Griffiths Energy, which later changed its name to Caracal Energy, was bought in 2014 by the UK’s Glencore PLC, which has not commented. Griffiths had earlier ...
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