Tag Archives | SBM Offshore

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 […]

Two more charged in UK’s Unaoil Investigation

The UK’s Serious Fraud Office (SFO) has charged two further individuals in relation to the Unaoil investigation. Paul Bond and Stephen Whiteley have both been charged with conspiracy to make corrupt payments to secure the award of contracts in Iraq to Unaoil’s client SBM Offshore. The charges relate to alleged corrupt conduct within Unaoil, between […]

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 […]

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 […]