Amec Foster Wheeler PLC
The Serious Fraud Office is investigating the activities of Amec Foster Wheeler PLC and any predecessor companies owning or controlling the Foster Wheeler business, together with the activities of any subsidiaries, company officers, employees, agents and any other person associated with any of these companies for suspected offences of bribery, corruption and related offences.
On 1 July 2021, the Serious Fraud Office entered into a Deferred Prosecution Agreement (DPA) with Amec Foster Wheeler Limited (AFWEL) relating to the use of corrupt agents in the oil and gas sector. The DPA was approved by Lord Justice Edis, sitting at the Royal Courts of Justice.
Under the terms of the DPA, AFWEL paid a financial penalty and costs amounting to £103m in the UK, which formed part of the US$177 million global settlement with UK, US and Brazilian authorities. The amounts paid by AFWEL in the UK include payment of the SFO’s costs of £3.4 million and payment of compensation to the people of Nigeria of £210,610.
The SFO has informed those connected with the investigation that it will not be pursuing prosecutions against individuals.
The case remains open for the DPA period.
Page published on 19 Jul 2017 | Page modified on 28 Oct 2021