31 Mar 2016 11:15 am
Update to post #6550
Related: Unaoil Threatened To Seek Injunction Before Publication Of Bribery Expose
FBI And Justice Department Probing Huge International Bribery Scandal
The FBI, U.S. Department of Justice and anti-corruption police in Britain and Australia have launched a joint investigation into revelations of a massive global bribery racket in the oil industry.
The news comes as Fairfax Media and The Huffington Post reveal that U.S. giant Halliburton and its former subsidiary Kellogg, Brown & Root are embroiled in theUnaoil bribes-for-contracts scandal through their operations in former Soviet states.
The biggest leak of confidential files in the history of the oil industry also unveils rampant corruption inside Italian oil giant Eni in many of the countries in which the firm has been contracted by national governments to manage their oilfields.
Texas firm National Oilwell Varco, Singapore conglomerate Keppel, Norway’s Aker Kvaerner and giant Turkish joint venture GATE also are implicated.
Information from hundreds of thousands of emails to Unaoil’s chief executive, Cyrus Ahsani, show individual executives and managers from Halliburton and Kellogg Brown & Root, which split in 2007, knew or suspected that Unaoil was acting corruptly to win contracts in Kazakhstan.
Read more at link in title.
Related: Unaoil Threatened To Seek Injunction Before Publication Of Bribery Expose