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Family of dead Petrofac founder hit out at bribery accusations The family of dead Petrofac founder Maroun Semaan have hit out at what they see as an attempt to shift blame in the recent bribery scandal to engulf the firm. Two weeks ago, a former global head of sales at Petrofac was convicted as part of a bribery investigation. The UK Serious Fraud Office (SFO) confirmed that David Lufkin, 51, had pleaded guilty to eleven counts of bribery. The conviction relates to “corrupt offers” made to influence the award of contracts to Petrofac in Iraq and Saudi Arabia.
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PayQ declared as India’s first “Neo Bank” Fintech giant PayQ expanded its business operation straight by revamping the user experience into its all-new “PayQNeo”, which is the next generation Global banking system and entering the market at the right stage. Post-COVID where the conventional customers are moving away from physical banks and physical cash and captioned more towards online banking and wallets, PayQ’s burgeoning “neo bank”, extends an array of digital-banking services to consumers and small businesses remarkably impress global entrepreneurs. Globally, ‘neo-banks’ are essentially 100 percent digital banks, they are considered to be a more nimble version of old-fashioned banking, which appeals to the younger, digitally savvy customers. They are a kind of digital bank without any branches. Rather than being physically present at a specific location, neo banking is entirely online. It’s a wide umbrella of financial service providers who beseech today’s tech-savvy customers.