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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Who did Unaoil work for?

Last week the DOJ revealed guilty pleas by the two Ahsani brothers who were running Monaco-based intermediary Unaoil. The brothers copped to a ten-country bribery conspiracy intended to help “multiple companies” win oil and gas-related contracts.… Continue Reading

DOJ: Unaoil bosses have pleaded guilty to FCPA conspiracy

The former CEO and former chief operations officer of Monaco-based Unaoil pleaded guilty in March to arranging millions in bribes to officials in at least ten countries, and a former Unaoil business development director pleaded guilty in August last year, the DOJ said Wednesday.… Continue Reading

TechnipFMC pays SEC $5 million to settle FCPA violations

TechnipFMC plc paid the SEC $5 million Monday to settle FCPA offenses related to bribing Iraqi officials to win business with state-owned oil companies.

The London-headquartered oil and gas company disgorged $4.3 million plus pre-judgment interest of $735,000 to the SEC. Continue Reading

UK Enforcement: Former Unaoil partner pleads guilty

One of four individuals charged in the UK as part of the corruption investigation into Unaoil pleaded guilty this week to conspiracy to pay bribes.

Basil Al Jarah, 70, described by prosecutors as “Unaoil’s former partner in Iraq,” pleaded guilty to five charges in Southwark Crown Court in London on July 15.… Continue Reading

SFO brings new charges in Unaoil investigation

The UK Serious Fraud Office said Tuesday it has brought more charges against two individuals already facing trial as part of the Unaoil investigation.

Basil Al Jarah and Ziad Akle were both charged last week with conspiracy to give corrupt payments.… Continue Reading

John Bray: Agents use sunk-cost psychology to encourage bribery

Almost all major international bribery cases involve third parties, typically commercial agents who pass on part of their commissions to government officials as bribes. As demonstrated by Richard Bistrong’s recent post, the relationship between these agents and their international clients is often psychologically complex.… Continue Reading

SFO charges two in Unaoil probe

The UK Serious Fraud Office said Thursday it charged two men in connection with its investigation of Unaoil.

Ziad Akle and Basil Al Jarah were both accused of conspiracy to pay bribes to help Unaoil’s client SBM Offshore NV win contracts in Iraq.… Continue Reading