British swift oil tanker

Impropriety Investigation Continues at BP Shipping

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April 13, 2012

LONDON -(Dow Jones)- BP PLC (BP.LN) is investigating allegations of impropriety in its shipping division but still doesn’t know whether there is any substance to claims a member of staff paid higher than usual rates to charter oil tankers.

“We are investigating [the allegations] and co-operating with U.K. authorities,” said Chief Executive Bob Dudley, adding “we don’t know if it’s right or not.”

BP can’t comment further with an investigation still ongoing, said Dudley.

The allegations, which center on the relationship between a senior BP employee and one of the company’s suppliers, were contained in a letter sent to Dudley and the Serious Fraud Office.

The author of the letter, a self-described “BP employee,” offered to supply further evidence to back up the claims but only after the company launches an investigation.

-By Alexis Flynn, Dow Jones Newswires

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