Abbot Group reported its own findings from an internal review to Crown Office
Aberdeen-based oil and gas firm Abbot Group has been ordered to pay £5.6 million under proceeds of crime laws after admitting benefiting from corrupt payments made in 2007.
The exploration firm reported the activities of one of its operating subsidiaries, KCA Deutag, to the Crown Office after concluding its own internal investigation last year.
Abbot Group is the first company in Scotland to have agreed a civil settlement under the self-reporting initiative introduced last year.
The Crown Office Civil Recovery Unit will recover £5.6 million which Abbot Group has admitted was the profit it made from the deal in question, which was a contract agreed in 2006 with payments made in 2007.
The Crown Office said Abbot Group's ownership and structure had “changed significantly” since that deal was concluded.
The Crown Office said in a statement: “The corrupt payments were brought to light in May 2011 following enquiries by an overseas tax authority which resulted in an investigation by a firm of solicitors and a firm of accountants instructed by Abbot itself.
“Abbot reported the results of the investigation to the Crown Office and Procurator Fiscal Service in July 2012 under the self-reporting initiative.
“In view of any criminal investigation of others that may follow, it is not possible to provide any further details of the corrupt payments.”
Justice Secretary Kenny MacAskill said: “This significant recovery made through the excellent work of the Civil Recovery Unit will be invested in the Scottish Government’s hugely successful CashBack for Communities Programme which takes cash from the proceeds of crime and invests it in a range of sporting, cultural, community mentoring projects and sports facilities for the benefit of our young people and their communities.
“The £5.6 million will be used to further expand the £46 million CashBack Programme by funding projects that will contribute towards delivering youth employability, healthy lifestyles and reducing re-offending for the young people of Scotland.”