Tag Archives | Monaco

Contracts Awarded for Metal Detectors

By John Lee. Two companies have won tenders to supply “Hook & Line equipment and Metal Detectors” to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with South Africa-based LVP Technology is valued at $608,292, while the contract with Monaco-based MKG sarl is valued at $144,845. (Source: UNGM)

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Two charged in UK’s Unaoil Investigation

The UK’s Serious Fraud Office (SFO) has charged two individuals in relation to the Unaoil investigation. Ziad Akle (42) and Basil Al Jarah (68) have both been charged by requisition with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. Akle, who resides in London, was Unaoil’s […]

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Unaoil takes Legal Action Against UK SFO

By John Lee. Monaco-based Unaoil, which has been implicated in an international bribery scandal, has launched legal action against the United Kingdom’s Serious Fraud Office (SFO), alleging that it has unlawfully misused its powers. The SFO is currently conducting a criminal investigation into the activities of Unaoil, its officers, its employees and its agents in […]

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UK opens Criminal Investigation into Unaoil

By John Lee. The UK’s Serious Fraud Office (SFO) has announced that it is conducting a criminal investigation into Unaoil, the Monaco-based company that has been implicated in an international corruption scandal. A statement from the SFO called for information relating to the allegations: “The SFO is conducting a criminal investigation into the activities of […]

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Unaoil Claims it was Blackmailed

By John Lee. Monaco-based Unaoil , which has been accused of widespread bribery and corruption in the Iraqi oil industry, has issued a statement claiming that it has been the victim of an extortion attempt. The full statement from Unaoil follows: Unaoil can confirm it has been the victim of a four-month extortion attempt by […]

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Expert Blogger Ahmed Mousa Jiyad on Unaoil Corruption Scandal

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Unaoil Corruption Scandal: International and Iraq update and follow-up The recent joint report by Australia’s Fairfax Media and the Huffington Post uncovering serious international corruption scandal allegedly masterminded by a Monaco based […]

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Bribery Scandal: PM Calls for Investigation

By John Lee. Prime Minister Haider al-Abaid has called for an investigation into allegations of bribery in the Iraqi oil industry. Iraq’s ambassador to the United States, Lukman Faily, has also said that al-Abadi will personally chair a new committee to review all major contracts issued by government ministries. The moves follow reports from the […]

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New Allegations of Massive Corruption in Iraq Oil Industy

By John Lee. An investigation by Fairfax Media — publisher of The Age and The Sydney Morning Herald newspapers — and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]

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