Rantburg

Today's Front Page   View All of Tue 06/22/2021 View Mon 06/21/2021 View Sun 06/20/2021 View Sat 06/19/2021 View Fri 06/18/2021 View Thu 06/17/2021 View Wed 06/16/2021
2020-07-24 Britain
Former Unaoil boss jailed for five years over Iraq bribery
[ARABNEWS] A former manager of Monaco-based consultancy Unaoil was on Thursday sentenced to five years in jail for paying more than $500,000 in bribes to an Iraqi official to secure a $55 million oil deal after the fall of Saddam Hussein in 2003.British-Lebanese Ziad Akle, a 45-year-old former Iraq territory manager, was found guilty by a London jury of conspiring to commit bribery after a four-year, high-profile investigation by the UK Serious Fraud Office (SFO).

Stephen Whiteley, a 65-year-old British former Unaoil manager for Iraq, Kazakhstan and Angola, was convicted alongside Akle but will be sentenced later, the SFO said.

Judge Martin Beddoe called the offenses "utterly exploitative" after the devastation of war and at a time of political and economic fragility in Iraq.

The sentence is another milestone in the complex, British wing of a transatlantic investigation into how Unaoil — once run by the prominent Ahsani family — helped Western companies secure energy projects over two decades.

The SFO has secured three convictions to date. But Akle’s lawyer has said he will appeal against his conviction because of concerns the SFO’s conduct during the investigation amounted to an abuse of process.



Posted by Fred 2020-07-24 00:00|| E-Mail|| Front Page|| [6490 views ]  Top
 File under: Govt of Iraq 

03:26 Dron66046
03:26 Glereger Bumble2153
03:21 g(r)omgoru
03:19 Don Vito Glaimp8253
03:18 g(r)omgoru
03:17 g(r)omgoru
03:12 g(r)omgoru
02:58 g(r)omgoru
02:57 Don Vito Glaimp8253
02:53 Punky Splashing3445
02:38 Slaviger Dribble1464
02:28 Menhadden Shomomp7752
02:24 Secret Master
02:15 Glager Peacock5053
01:38 Captain Glith4247
01:34 Captain Glith4247
01:30 Captain Glith4247
01:03 Glenmore
00:52 Glenmore
00:42 Menhadden Shomomp7752
00:30 CrazyFool
00:24 Raj
00:16 trailing wife
00:14 Raj
Merry-Go-Blog










Paypal:
Google
Search WWW Search rantburg.com