Half Year Results 

Petrofac: a case for the defence

Petrofac: a case for the defence

This we know: Petrofac (PFC) is being investigated by the Serious Fraud Office (SFO). Its chief operating officer Marwan Chedid has been suspended, and the criminal agency has questioned the group’s co-operation. Chief executive Ayman Asfari, who with Mr Chedid was questioned by the SFO while under arrest, has been blocked by the board from “engaging with or liaising with agents and consultants”. Last week, Italian regulators alleged Mr Asfari engaged in insider dealing in a separate matter, a claim he denies.

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