SFO investigates Ayman Asfari, Marwan Chedid heads at Petrofac

Grit Real Estate

Petrofac Limited, an oilfield services provider has confirmed that both Ayman Asfari, Chief Executive Officer, and Marwan Chedid, Chief Operating Officer, have been questioned under caution by the SFO.

The company said in a statement released shortly that:

“Petrofac Ltd has been notified by the Serious Fraud Office (the “SFO”) that it has commenced an investigation into Petrofac Limited and its subsidiaries”.

“The Company believes that this is in connection with the investigation into Unaoil. As previously disclosed, Petrofac engaged Unaoil, a Monaco based company, for the provision of local consultancy services primarily in Kazakhstan between 2002 and 2009”.

“The Company is cooperating with the authorities,” the statement said.

According to data by Thomson Reuters Eikon, Petrofac shares fell on Friday to their lowest level since June 28, 2016 and were the top loser on the pan-European Stoxx 600 by 1352 GMT and the biggest drag on Britain’s FTSE Mid Cap index, which was down 0.2 percent.