United Kingdom: Former Unaoil managers convicted in Britain of Iraq bribery

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. 

The original full article can be found at reuters.com

(Picture: File/AFP)

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