Amec Foster Wheeler and Wood Group shares slide amid corruption probe

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Amec Foster WheelerGETTY

Amec Patronize Wheeler and Wood Group shares slide amid corruption look into

The Serious Fraud Office has opened an investigation into the activities of Amec as as far as someone is concerned of a probe over alleged bribery and corruption at Monaco-based Unaoil. 

Amec yesterday played down the weight of the investigation on the completion of the merger deal but Wood Group said in an disclosure: “It is not possible to estimate reliably what effect the outcome of this amount may have on Amec Foster Wheeler.”

Amec Foster WheelerGETTY

The Serious Fraud Shtick indulgence has opened an investigation into the activities of Amec

The company also said in a account released on Wednesday: «As announced by Amec Foster Wheeler, the investigation focuses on the past use of third corps and possible bribery and corruption and related offences.»

«In its circular and prospectus broadcasted on 23 May 2017, the company disclosed that information previously provendered by Amec Foster Wheeler to the SFO related to matters that may well come out into an investigation into Amec Foster Wheeler by the SFO.»

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