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
Last week, Sargeant Marine agreed to pay the DOJ $16.6 million to settle FCPA charges that it bribed officials in multiple South American countries. The bribes it paid in Brazil alone helped the company and its trading affiliate win Petrobras contracts worth $185 million.… Continue Reading
In a much-needed win for the Serious Fraud Office, two out of three defendants it was prosecuting for corruption in the Unaoil case were found guilty by a London jury Monday after 19 days of deliberations.… Continue Reading
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
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
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
A former vice president of SBM Offshore already charged with hiring Unaoil to pay bribes on behalf of SBM was hit with a new charge Thursday of helping another contractor hire Unaoil to pay bribes in Iraq.… Continue Reading
Two former executives of SBM Offshore, N.V. were sent to prison Friday for their role in bribing officials at state-owned oil and gas companies in three countries.
Former CEO of Netherlands-based SBM Offshore Anthony “Tony” Mace, 66, was sentenced to 36 months in prison and ordered to pay a fine of $150,000. … Continue Reading
Unaoil’s lawyer Jo Rickards of Mishcon de ReyaThe UK Serious Fraud Office said Tuesday it brought criminal charges against the Monaco-based intermediary that allegedly paid bribes in Iraq to help two companies win energy-related contracts.… Continue Reading
In 2017, Brazil played a big role in global anti-corruption enforcement. During the year, the largest leniency agreement in Brazil’s history was signed, and the second largest was ratified by the Brazilian courts.… Continue Reading
The UK Serious Fraud Office charged two former executives of Dutch oil services firm SBM Offshore NV for allegedly funneling bribes to officials in Iraq through intermediary Unaoil.
Paul Bond and Stephen Whiteley were both charged with conspiracy to make corrupt payments to secure contracts in Iraq for Unaoil’s client SBM Offshore.… Continue Reading
Dutch oil services company SBM Offshore NV agreed Wednesday to pay a criminal penalty of $238 million to resolve FCPA offenses in Brazil, Angola, Equatorial Guinea, Kazakhstan, and Iraq.
SBM entered into a three-year deferred prosecution agreement (pdf) with the DOJ.… Continue Reading
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
