The move comes after an exposé released on Wednesday by Australia’s Fairfax Media, publisher of The Age and The Sydney Morning Herald newspapers, placing the company at the centre of a widespread oil and gas corruption scandal.
Having obtained a “vast cache of leaked emails and documents,” The Age and Huffington Post on Wednesday accused Unaoil of having bribed company executives and Iraqi officials for at least 10 years, thereby facilitating substantial contract awards in what they called a “sustained campaign of looting.” According to Fairfax media, the British Police, the Australian Federal Police, the US Department of Justice and the FBI are now all investigating the leaked material.
The Monacan police also raided the homes of the Ahsani family, Unaoil’s owners, following a request from the UK’s Serious Fraud Office. “The leaders of this company were also interviewed on 29 and 30 March 2016. These searches and interviews were conducted in the presence of British officers, in connection with a case of vast corruption with international ramifications that involves many foreign companies active in the petroleum sector,” a statement read.
While refusing to comment on the raids, Unaoil chairman Ata Ahsani in earlier comments on the investigative piece said, “We are not in the business of fixing jobs for people. Our work is basically very basic. What we do is integrate Western technology with local capability.”
Wednesday’s report has thus far implicated almost 20 major international companies operating or doing business in the Iraqi oil and gas industry. They have yet to comment on the rapidly expanding scandal.
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More
Equinor has acquired a 45% stake in two lithium project companies in the USA from Standard Lithium, the Norwegian energy… Read More
Seadrill has been awarded two drillship contracts in South Korea and the US Gulf of Mexico worth a total value… Read More
The World Bank has granted Namibia a $138 Read More
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More
This website uses cookies.