The U.K. Serious Fraud Office confirmed this week that it is conducting a criminal investigation into the activities of Unaoil, its officers, employees and agents in connection with suspected offences of bribery, corruption and money laundering.
As Compliance Week previously reported, a special report published in April by Fairfax Media and the Huffington Post exposed an extensive global web of bribery and corruption, in which high-ranking bureaucrats and politicians awarded billions of dollars in government contracts in exchange for bribes paid on behalf of some of the world’s largest companies. The heart of the investigative report, “The Bribe Factory,” focused on Unaoil, a provider of industrial solutions to the energy sector in the Middle East, Central Asia, and Africa.
“We have been approached by a number of sources who may have information relevant to this investigation,” the SFO stated.
The SFO first opened its investigation in March 2016. The agency said it cannot make any further comment at this time.
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