Bandar Seri Begawan - The Brunei Anti-Corruption Bureau (ACB) has launched an investigation into allegations of fraud committed by more than 10 senior Brunei Shell Petroleum Company officials, media reports said Saturday. The investigation is into "irregular material purchase procedures and related matters" worth 3.2 million dollars by local and foreign employees at the company, the Borneo Bulletin reported citing informed sources.
The alleged fraud was unveiled through a routine audit check.
The investigation is still in early stages and no arrests have been made.
But Brunei Shell Petroleum has already dismissed or suspended some of the alleged "miscreants," the newspaper said.
Authorities from the bureau said "no stone will be left unturned" in the investigation, as the oil and
gas industry is the sultanate's lifeblood.
Brunei Shell is one of the key players in the oil industry in Brunei, a county of less than 600,000 people where oil and gas accounts for 48 per cent of
economic output.
