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Petrofac CEO buys more shares in firm amid bribery probe

Reuters - UK Focus

By Ron Bousso

LONDON, March 21 (Reuters) - Petrofac Chief Executive Officer Ayman Asfari has acquired 10 million pounds ($14 million) of shares in the oilfield services company, according to a regulatory filing.

Asfari resumed full duties this month after being suspended in the wake of an investigation launched in May by Britain's Serious Fraud Office (SFO) into the activities of Petrofac (Amsterdam: PF6.AS - news) in connection with a probe into Monaco-based Unaoil on suspected bribery, corruption and money laundering.

The company said last month its top management, including chairman and executive directors, would be interviewed by the SFO.

Asfari increased his stake in Petrofac from 18 percent to nearly 19 percent after acquiring more than 2 million ordinary shares at 494.113 pence per Share (LSE: SHRE.L - news) , with a total consideration of 10 million pounds, the filing said. (Reporting by Ron Bousso Editing by Edmund Blair)