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Only Criminals Profit from Turf Wars in Global Law Enforcement

Insight

Published by The Financial Times, April 20, 2021

April 26, 2021
Only Criminals Profit from Turf Wars in Global Law Enforcement Background Image
Insight

Published by The Financial Times, April 20, 2021

April 26, 2021

By Ephraim (Fry) Wernick

The facts read like a crime thriller. Over several years, investigators and prosecutors at the UK’s Serious Fraud Office teamed up with colleagues in other countries to uncover one of the energy industry’s largest corruption cases.

The Unaoil case is named after the Monaco-based consultancy linked to allegations that millions of dollars were paid in bribes to help secure lucrative contracts for client companies operating in the Middle East, Africa and central Asia. There have been Monte Carlo police raids, an extradition from Rome and, to date, over a dozen people charged. Six multinational energy companies have paid £1bn in fines.

Read the full article in PDF here and in The Financial Times here.

Reprinted with permission from the “April 20, 2021” edition of the “The Financial Times”© The Financial Times Ltd. 2021. All rights reserved.

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