Region: Iraq

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

ASIC obtains civil penalty in long running Oil-For-Food probe

10 April 2017

Challenges to SFO investigations should be rare, UK court says

Following Unaoil’s failed application for judicial review companies and individuals will find it difficult to contest SFO investigations, lawyers say.

04 April 2017

ASIC continues fight against individuals in Oil-For-Food investigation

The Australian securities enforcer has appealed against a court decision absolving a former Australian Wheat Board executive of responsibility for alleged UN sanctions breaches.

21 February 2017

Court documents reveal links between SFO investigations into Rolls-Royce and Unaoil

25 November 2016

Defence corruption has cost Iraq over US$100 billion, auditors find

17 March 2016

European oil companies argue it’s impossible to bribe an entire government

Featured in Investigator's Guide to France

Payments in contravention of the UN oil-for-food programme were legal in Iraq and so do not count as bribes, the defence counsel for Total and Vitol told a Paris appeals court.

13 November 2015

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