Earlier this month, the U.K.’s Serious Fraud Office charged two former Unaoil executives with corruption for allegedly paying bribes to win lucrative contracts in Iraq on behalf of its client SBM Offshore, a company that produces floating containers for use in oil production. Another former director who is living in Monaco is subject to an extradition request.
Basil Al Jarah, Unaoil’s former partner in Iraq, has been charged with two offences of conspiracy to make corrupt payments, contrary to section (1) of the Criminal Law Act 1977 and contrary to section 1 of the Prevention of Corruption Act 1906.
