August 6, 2020

US authorities close Unaoil-related investigation of Houston-based engineering company

On August 6, 2020, KBR, Inc. an engineering and construction company headquartered in Houston, Texas, disclosed in a securities filing that the US Securities and Exchange Commission and the US Department of Justice —  which, as noted by  KBR, have been investigating the Monaco-based company Unaoil in connection with several unspecified “international projects” — had closed their investigations with regard to KBR.  The company first disclosed these investigations in April 2016.

KBR also stated that a related UK Serious Fraud Office investigation, which has been ongoing since April 2017, remains active, but is no longer focused on allegations of corruption involving Unaoil.

Form 10-Q