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SFO brings new charges in Unaoil investigation

Jaclyn Jaeger | May 24, 2018

The U.K. Serious Fraud Office has brought further charges in relation to the Unaoil investigation, this time against two individuals facing trial.

Since opening its investigation into Unaoil in March 2016, the SFO has been conducting an investigation into the activities of Unaoil, its officers, its employees, and its agents in connection with suspected offenses of bribery, corruption, and money laundering. In total, the SFO has charged four individuals with conspiracy to make corrupt payments to Unaoil’s client, SBM Offshore, to secure the award of contracts in Iraq.

Basil Al Jarah, Unaoil’s Iraq partner, and Ziad Akle, Unaoil’s territory manager,...

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