Sunday, April 18, 2021

Scottish energy firm Wood Group face bribery probe

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One of Scotland’s biggest firms is being probed over its links to a Monaco-based firm suspected of alleged bribery.

The Wood Group, which had a turnover of £8.5 billion last year, is being investigated by the Crown Office about payments to oil contractor Unaoil.

The Aberdeen-based oil services company was built by Sir Ian Wood, whose personal wealth is estimated at more than £2bn. He retired from the company in 2012.

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The company made payments through an old joint venture company to Unaoil. Monaco-based Unaoil has been under investigation by the Serious Fraud Office since 2016 in relation to a £500 million contract to build oil pipelines in Iraq.

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