Monday, 13 July 2020

Former Unaoil managers convicted in Britain of Iraq bribery - Reuters

Former Unaoil managers convicted in Britain of Iraq bribery - Reuters:

The verdict marks a milestone in the British arm of a four-year, global inquiry into how Unaoil, once run by the prominent Ahsani family, helped major Western companies secure energy projects across the Middle East, Central Asia and Africa over two decades.

A London jury found British-Lebanese Ziad Akle, Unaoil’s former Iraq territory manager, and Stephen Whiteley, a British former manager for Iraq, Kazakhstan and Angola, guilty of plotting to make corrupt payments to secure oil contracts between 2005 and 2010.

But after a marathon 19 days of deliberations, the jury was unable to reach a verdict in the case against Paul Bond, a British one-time Middle East sales manager for Dutch-based oil and gas services company SBM Offshore. He faces a retrial, the UK Serious Fraud Office (SFO) confirmed.

The three men denied any wrongdoing.

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