Clarification to SFO announcement

26 September 2017 | Europe/Middle East/United Kingdom/Caspian/India

Clarification following announcement by the UK Serious Fraud Office (SFO) into F.H. Bertling Ltd (UK) on 26th of September 2017

Bertling Logistics can confirm that earlier this year, its former subsidiary FH Bertling and six former employees pleaded guilty to a single count of bribery involving a $250,000 payment made by a former subsidiary of the company in 2006.

The payment was made to a third party in Angola to enable release of a payment for work contractually done by the former subsidiary and to protect the livelihoods of its employees in the country.

None of the accused currently work for Bertling Logistics and the former subsidiary, F.H. Bertling Ltd., has been deconsolidated and sold to a third party.

Bertling Logistics has also implemented a vast array of improvements to its compliance systems over the last years, which have allowed us to self-report issues, as well as plan for future improvements in this area.

Please direct any questions on this to:

Giles Read
Powerscourt
1 Tudor Street
London EC4Y 0AH

Switch:     +44 (0)20 7250 1446 
Direct       +44 (0)20 3328 9381
Mobile      +44 (0)7545 609 327

giles.read@powerscourt-group.com 
http://www.powerscourt-group.com/

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