AFP reports that three men have been charged with conspiring to defraud the US government over a kickback scheme involving contracts for ammunition disposal in Iraq. Briton Ahmed Sarchil Kazzaz and his business, Leadstay Company, were charged in federal court in the southern state of Alabama along with US citizens Gaines Newell, 52, and Billy […]
Tag Archives | Corruption
The latest corruption news from Iraq – company or government bribes, theft, stealing – brought to you by Iraq Business News
Iraqi Oil Official Flees after Accusation of Corruption
A departmental head at Iraq's South Oil Company (SOC) has reportedly fled the country after being accused of accepting bribes from a subsidiary of Australia's Leighton Holdings to help it secure contracts in southern Iraq. Uday Awad, a member of the Iraqi parliament's oil and energy committee, told The Australian that the head of the […]
Tags: Corruption, Leighton
Transparency and Integrity Board Launched in Kurdistan
The establishment of a new transparency board to promote integrity and anti-corruption practises in Kurdistan was announced on this week, according to AKnews. The so-called Transparency Development and Impeachment Board will investigate government conduct, identify shortcomings and inform the relative bodies. Husam Barzinji [Hisam Hakim Barzinji], the General director of the Kurdistan Economic Development Organization, […]
150 Foreign Companies Pursued over Oil-for-Food Program
Fadel Mohammed, legal adviser to Prime Minister Nouri al-Maliki, has said that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the UN's Oil-for-Food program. AKnews reports that the government is determined to bring these companies to justice, adding that there are several other companies under investigation. The Oil-for-Food […]
Leighton may be Expelled from Iraq
Iraq has threatened to expel Leighton Holdings from the country’s lucrative oil and gas fields, following the company's announcement on Monday of an investigation into possible corruption. The deputy head of the Iraqi Oil Ministry’s petroleum contracts and licensing directorate, Sabah Al-Saidi, told The Australian Financial Review he was shocked by claims that Leighton Holdings […]
Tags: Corruption, Leighton
Leighton Alerts Police to Possible Bribery in Iraq
Leighton Holdings Limited (Leighton) has announced that it has reported to the Australian Federal Police (AFP) a possible breach of its Code of Ethics that, if substantiated, may contravene Australian laws. The possible breach related to payments that may have been made by Leighton’s subsidiary company, Leighton Offshore Pte. Limited, in connection with work to […]
KRG Participates in Middle East Anti-Corruption Conference
A delegation from the Kurdistan Regional Government participated in the 3rd Middle East Summit on Anti-Corruption. The conference was a platform for senior-level executives in both public and private sectors to discuss strategies for minimizing bribery risks in the Middle East and implementing an effective and risk-based global compliance program. Ms Nisar Talabany, Senior Adviser […]
Tags: Corruption, KRG
Former Innospec Director Guilty of Iraq Corruption
A British businessman has pleaded guilty to conspiracy to corrupt, including making corrupt payments to Iraqi officials. Dr David Turner (56), the former Innospec Limited Global Sales and Marketing Director (Tetraethyl Lead), appeared before His Honour Judge McCreath at Southwark Crown Court on Tuesday and pleaded guilty to three counts of conspiracy to corrupt. The […]
Tags: Corruption, Innospec
Former Major Gets 12 Years for Corruption
A former U.S. Army contracting official has been sentenced to 12 years in prison for his participation in a bribery and money laundering scheme related to bribes paid for contracts awarded in support of the Iraq war. Eddie Pressley, 41, was also ordered to serve three years of supervised release following the prison term. The […]
Tags: Corruption
Maersk to Pay $32m for Overbilling
Maersk Line Limited, part of the Danish shipping and oil group A.P. Moller-Maersk, has agreed to pay $31.9 million to settle claims that it overcharged the U.S. military for transporting cargo to support American troops in Afghanistan and Iraq. The settlement resolves a whistleblower lawsuit filed by a former industry insider. The individual, Jerry Brown, […]
Tags: Corruption, Maersk
Fake Dinar Gang Busted
Security forces in Sulaimaniyah City have detained two people on charges of forging Iraqi money, reports AKnews. The two men were arrested by the security forces with fake money and arms in their possession, after another man who had been detained the previous day on similar charges admitted the charges and identified the other two. The […]
Retired Army Major Jailed for Iraqi Money Laundering
A retired major in the U.S. Army was sentenced today to 24 months in prison for engaging in money laundering of criminally derived property totaling $400,000, which he received from a contractor following his deployment to Kuwait, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division. Charles Joseph Bowie Jr., 45, of Georgetown, […]
Tags: Corruption