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

IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined

Oman’s Block 50 Offshore Drilling Ops Pushed to May

Oil Holds Steady as Supply Risks from War Persist

Current News

Shell Balances Gas Weakness with Oil Trading Gains

Nam Cheong Locks In Two OSV Charters amid Tight Southeast Asia Supply

SCA Secures First 50Hertz Contract for Cable Carousel Systems

Perenco Expands Southern North Sea Portfolio

Subscribe for OE Digital E‑News