IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Petrofac Limited (“Petrofac” or the “Company”) (Other OTC: POFCY) (Other OTC: POFCF) concerning possible violations of federal securities laws.
If you purchased shares of Petrofac and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
The investigation concerns whether Petrofac and certain of its officers and/or directors violated federal securities laws. On May 12, 2017, the UK’s Serious Fraud Office (“SFO”) revealed that it launched an investigation into the Company for alleged “bribery, corruption and money laundering.” On May 25, 2017, the SFO arrested and questioned Petrofac’s CEO Ayman Asfari, and COO Marwan Chedid, in connection with alleged bribes paid to secure lucrative contracts. Both were released without charge. The Company suspended Chedid and set up a new committee to oversee the response to the bribery investigation, precluding Asfari from involvement.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
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