Region: Monaco

Former SBM Offshore exec knew nothing of Unaoil’s inside man

A former sales manager at Dutch company SBM Offshore told a London court he worked for a “bona fide” company on Tuesday in the last hearing in the case for now. The trial linked to an Iraqi oil project has been adjourned for at least two weeks as a result of the coronavirus pandemic.

17 March 2020

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

Russian billionaire detained for questioning in Monaco

07 November 2018

Monaco court annuls proceedings against former SBM Offshore employee

16 July 2018

US prosecutors drop Unaoil-linked probe into oil services business

The DOJ has dropped its investigation into oilfield services company Core Laboratories’ relationship with Unaoil, a Monaco-based consultancy accused of facilitating corruption in North Africa, the Middle East and Central Asia.

25 October 2017

SFO announces third Unaoil-linked investigation

The SFO has opened an investigation of oil and gas exploration company Petrofac a year after a Freshfields internal investigation cleared its directors of bribery allegations tied to Unaoil.

12 May 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

UK court rejects Unaoil judicial review claim

The High Court of England and Wales has said that the SFO did not act unlawfully when it asked Monaco police to raid Unaoil’s premises in March 2016.

29 March 2017

SFO announces Unaoil-linked investigation of ABB

The SFO has opened a corruption investigation into the UK subsidiaries of Swiss-Swedish technology company ABB linked to the agency’s ongoing probe into Monaco-based energy services company Unaoil.

10 February 2017

Unaoil shakes up legal team amid judicial review

Unaoil has substantially changed its representation since details of its legal team – brought in to advise the company on a criminal inquiry into bribery, corruption and money-laundering allegations by the UK’s Serious Fraud Office (SFO) – first emerged in July.

05 December 2016

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