June 26, 2018 / 3:50 PM / in 23 days

UK opens criminal proceedings against Unaoil

(Reuters) - Britain’s Serious Fraud Office (SFO) said it has commenced criminal proceedings against Monaco-based Unaoil as a part of an ongoing investigation into alleged bribery and corruption.

The privately-held oil and gas services company has also been summonsed with two offences in relation to the company's payments to secure contracts in Iraq bit.ly/2KmVjzC.

Unaoil has been told to appear at Westminster Magistrates’ Court on July 18. The company declined to comment on today’s proceedings.

The SFO, in May, had charged Basil Al Jarah and Ziad Akle with conspiracy to give corrupt payments to secure the award of a $733 million contract to Leighton Contractors Singapore PTE Ltd for a project to build two oil pipelines in southern Iraq.

Al Jarah, 68, who was Unaoil’s Iraq partner, were charged with two offences of conspiracy. Akle, 43, who was Unaoil’s territory manager for Iraq, was charged with one offence.

Reporting by Sangameswaran S in Bengaluru; editing by David Evans

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