Ex-Unaoil Duo Convicted for Bribery in Iraq

Monday, July 13, 2020

Two former managers of Monaco-based energy consultancy Unaoil have been convicted in Britain of bribing Iraqi officials to clinch lucrative oil projects as the war-ravaged country tried to boost exports after the fall of Saddam Hussein in 2003.

A London jury found British-Lebanese Ziad Akle, Unaoil's former Iraq territory manager, and Stephen Whiteley, a British former manager for Iraq, Kazakhstan and Angola, guilty after a marathon 19 days of deliberations.

But the jury was not able to reach a verdict in the case against Paul Bond, a British one-time Middle East sales manager for Dutch-based oil and gas services company SBM Offshore. The Serious Fraud Office (SFO) said on Monday it would pursue a retrial.

All three men had denied any wrongdoing.

The long-awaited decision prompted the judge to lift reporting restrictions on the verdicts after an unprecedented trial that was suspended in March -- as the coronavirus brought parts of the criminal justice system to a halt -- and restarted in May in a new court to allow jurors to socially distance.

"These men dishonestly and corruptly took advantage of a government reeling from dictatorship and occupation, and trying to reconstruct a war-torn state," said SFO head Lisa Osofsky.

"They abused the system to cut out competitors and line their own pockets." 

(Reporting by Kirstin Ridley; Editing by Jon Boyle and Catherine Evans)

Categories: Middle East Industry News Activity Iraq

Related Stories

Russian Gas Exports to Europe Rise 20% in 2024

Final Pluto Train 2 Modules for Scarborough Gas Project Arrive to Australia

Aker, Aibel Get FEED Contracts for GreenVolt Floating Wind Project

Current News

Oil Rises on China Stimulus Hopes, US Inventory Drop

Flare Gas Recovery Meets the Future

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

Brazil Lifts Ban on Saipem's Business Units

Subscribe for OE Digital E‑News