A British former executive at Monaco-based oil and gas consultancy Unaoil has been sentenced to three years and four months in jail for bribing Iraqi public officials to clinch $1.7bn worth of oil projects in post-occupation Iraq.
Iraqi-born Basil al-Jarah, Unaoil’s former Iraq country manager, admitted to paying $17m in bribes to secure contracts to construct oil pipelines, an oil platform, and offshore mooring buoys in the Gulf, as the war-torn nation tried to shore up a battered economy after the fall of ex-president Saddam Hussein in 2003.
It is the third sentence handed down by a London judge after a five-year investigation by the Serious Fraud Office (SFO) and the United States authorities into how the prominent Ahsani family, which ran Unaoil, secured energy contracts for Western blue-chip clients in the Middle East, Africa, and Central Asia.
The original full article can be found at aljazeera.com
(Photo: Daniel Leal-Olivas/AFP)