Podcast: Bribery allegations in the regional EPC contracting sector
Reviewing the financial performances of SNC-Lavalin and Petrofac amid ongoing investigations into alleged wrongdoing
Two engineering, procurement, and construction (EPC) giants, SNC-Lavalin and Petrofac, have reported their full-year financial results for 2018 at a time when both companies face separate investigations over alleged bribery carried out by former employees to influence winning work in the Middle East.
In this episode of the Construction Week Viewpoint podcast, Oscar Rousseau and Jack Ball, Construction Week's deputy editor and senior reporter, explore the nitty-gritty of both probes, and whether they have impacted the EPC contractors' financial performance.
Canadian Prime Minister Justin Trudeau has denied claims that his staff interfered with a legal case involving corruption charges against SNC-Lavalin.
Meanwhile, Petrofac opened up about an investigation by the UK's Serious Fraud Office after former employee David Lufkin pleaded guilty to paying bribes for contract awards in Iraq and Saudi Arabia, respectively worth $730m and $3.5bn.
Construction Week Viewpoint is a weekly podcast show produced in the Middle East.
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