COURT FINDS AFREN CHIEFS GUILTY OF FRAUD AND MONEY LAUNDERING
October 1st, 2018
Southwark Crown Court, London, found two former top executives of collapsed oil firm Afren guilty of fraud and money laundering in their handling of a USD300 million oil deal. In the October 24 ruling on a case brought by the Serious Fraud Office (SFO), the court found former chief executive and operating officers, Osman Shahenshah and Shahid Ullah guilty of fraud by deceiving the Afren Board into agreeing the USD300 million business deal, from which they personally received more than USD17 million. The duo were also found guilty of laundering USD45 million from ...
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