Region: Iraq

Ex-SBM Offshore exec tells court he was merely a salesman

A former SBM Offshore executive, who is accused of bribery offences, told a London court that he had little authority to make significant decisions at the Dutch oil company.

13 March 2020

Prosecutor quizzes ex-Unaoil official on 2009 meeting

Prosecutors have said a former Unaoil executive had an “odd” hotel bedroom meeting with an Iraqi official that he stands accused of conspiring to bribe.

11 March 2020

Unaoil paid $6 million in bribes to profit from Iraq oil project, court hears

Former Unaoil and SBM Offshore executives corrupted a competitive tender process for $800 million in contracts that were part of an effort to resurrect Iraq’s oil industry, a prosecutor has said.

23 January 2020

Iraq central bank freezes assets of sanctioned officials

26 July 2019

Former Unaoil executive pleads guilty

Monaco-based oil consultancy Unaoil’s former partner in Iraq has pleaded guilty to five offences of conspiracy to give corrupt payments in connection with an SFO investigation.

19 July 2019

Iraq suspends Petrofac bids after UK corruption investigation

28 June 2019

Petrofac internal audit finds no new cause for concern

British oil firm Petrofac said in its annual report it stands by earlier disclosures to the Serious Fraud Office (SFO) after an internal audit found no further cause for concern.

02 April 2019

Former Petrofac executive pleads guilty to bribery

A former executive of British oil firm Petrofac has pleaded guilty to bribery related to payments the company made to secure over $4 billion in contracts.

07 February 2019

Vitol decision shakes double jeopardy defence in France

Featured in Investigator's Guide to France

Companies should have no confidence that the principle of double jeopardy will protect them against prosecution in France when they have been sanctioned for the same misconduct outside of Europe, lawyers said in light of a recent decision.

20 April 2018

Big Pharma bribes funded terrorist attacks, lawsuit says

US army veterans are suing five pharmaceutical companies for allegedly bribing Iraqi officials who then passed on the money to a terrorist organisation that carried out attacks on the plaintiff soldiers.

19 October 2017

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