Aberdeen 'corruption case' oil firm Abbot Group to pay £5.6m

Related Stories

An Aberdeen-based oil and gas company has agreed to hand over £5.6m after it admitted benefiting from corrupt payments.

Abbot Group reported itself to the Crown Office after doubts were raised about the legality of an overseas deal.

The £5.6m payment to the Civil Recovery Unit represents the profits made during the deal.

Abbot Group, which has since changed ownership, investigated itself and then reported the findings to prosecutors.

Ruaraidh Macniven, head of the Civil Recovery Unit, said: "Abbot is the first company to have met the strict criteria of the self-reporting initiative since it was introduced in 2011."

Louise Andrew, general counsel at Abbot Group, said: "None of the personnel who were involved in those payments remain with the group.

"We are deeply disappointed this improper payment took place.

"KCA Deutag (the trading name of Abbot Group Limited) is committed to anti-bribery compliance and creating a corporate culture in which bribery has no place."

The money will now be invested in the Scottish government's CashBack for Communities Programme helping sporting, cultural and community projects for young people.

The Crown Office and Procurator Fiscal Service said it was the second largest Civil Recovery Unit success in Scotland.

The largest was the Anatoly Kazachkov case, in which £6.5m was recovered in 2010.

The Moscow-based businessman was connected to a suspicious bank transfer of $10m from an account in Hungary to a Scottish bank in 2004.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC North East, Orkney and Shetland



Min. Night 6 °C

Features & Analysis

  • Woman in swimming pool Green stuff

    The element that makes a familiar smell when mixed with urine

  • Plane at Shannon airportShannon's call

    The airport that hosted a roll-call of presidents

  • Record playing on turntableVinyl destination

    The eight tribes of people who keep buying records

  • The Duke and Duchess of Cambridge at RAAF Amberley airbase near Brisbane on 19 AprilIn pictures

    Fighter jets and screaming crowds for William and Kate

Elsewhere on the BBC

  • ITChild's play

    It's never been easier for small businesses to get their message out to the world


  • Tuna and avacadoThe Travel Show Watch

    Is Tokyo set to become the world's gourmet capital?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.