TWO FORMER UNAOIL EXECUTIVES CONVICTED OF IRAQI OIL GRAFT
July 2nd, 2020
Two former Iraq managers for Monaco-based energy major Unaoil were convicted July 13 in Southwark Crown Court, London of paying over USD500,000 in bribes to officials at the Iraqi South Oil Company to clinch a USD55 million contract for offshore mooring buoys. In a case brought by the UK’s Serious Fraud Office (SFO), British-Lebanese citizen Ziad Akle was found guilty on two counts of corruption and Briton Stephen Whiteley on one and will be sentenced later this month alongside Unaoil’s former Iraq partner, Basil Al Jarah, who in July 2019 admitted to paying ...
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