Tag Archives | Corruption

The latest corruption news from Iraq – company or government bribes, theft, stealing – brought to you by Iraq Business News

AstraZeneca Investigated for Alleged Corruption in Iraq

By John Lee. UK-bassed pharmaceutical company AstraZeneca has said it is the subject of an anti-corruption investigation in the US relating to its activities in Iraq In its latest quarterly filing with the Securities and Exchange Commission (SEC), the company said: “As previously disclosed, in the US, in October 2017, AstraZeneca and certain other pharmaceutical and/or medical device […]

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Guilty Plea to Bribery Scheme for Iraq War Contracts

Former Business Partner of U.S. Military Contractor Pleads Guilty to Bribery Scheme Related to Contracts in Support of Iraq War A former business partner of a U.S. military contractor pleaded guilty today to one count of bribery for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military […]

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UK Starts Corruption Proceedings against Unaoil

The UK’s Serious Fraud Office (SFO) has commenced criminal proceedings against Unaoil Monaco SAM and Unaoil Ltd as part of an ongoing corruption prosecution. This follows charges already brought against four individuals for alleged conspiracy to make corrupt payments to secure the award of contracts in Iraq. Unaoil Ltd has been summonsed with two offences […]

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Covering Corruption “Exposes Journalists to Arrest”

Reporters Without Borders (RSF) has condemned the arrests to which two investigative reporters have been subjected in different parts of Iraq in the past few days in connection with their coverage of corruption, and calls for an end to the harassment of these journalists. The latest victim was Mostafa Hamed, a reporter based in Fallujah, […]

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Iraq Duty Free Responds to Allegations

Iraq Duty Free has responded to allegations regarding the renewal of its contract to run the duty free concessions at Baghdad and Basra airports in Iraq. According to the statement from its CEO, Ahmed Kamal, the owner of company has not been convicted of “any crime of punishment that deprives the freedom in Iraq.” His […]

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Iraq Falls in Transparency Ranking

By John Lee. Transparency International has said that Iraq’s ranking has fallen three places its global Corruption Perceptions Index (CPI). From a total of 180 countries, Iraq came in at number 169; last year’s position was 166 out of 176 countries. This result puts it behind countries such as Turkmenistan, Angola and Eritrea, and just […]

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CEO Jailed for Fraud

The owner and chief executive officer of an armored vehicle company was sentenced today to 70 months in prison for his role in orchestrating a scheme to defraud the United States by providing the U.S. Department of Defense with armored gun trucks that did not meet ballistic and blast protection requirements set out in the […]

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Abadi says Laws will Protect Foreign Investors

By John Lee. Prime Minister Haider al-Abadi has promised to crack down on corruption, and says laws will protect nervous foreign investors. He told CNBC: “We are laying down all the legal framework … I think the worry is corruption, number one, which is hiding behind red tape and bureaucracy. We have established a higher […]

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