Malaysia Airlines may have to shut down if restructuring plan fails

Malaysia Airlines may have to shut down if restructuring plan fails
Malaysia Airlines may have to shut down if restructuring plan fails

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Jeddah - Yasmine El Tohamy - LONDON: A former executive at Monaco-based oil and gas consultancy Unaoil has been sentenced in London to three years and four months in jail for bribing Iraqi public officials to clinch $1.7 billion worth of oil projects in post-occupation Iraq.

Basil Al-Jarah, Unaoil’s former Iraq country manager, admitted to paying $17 million in bribes to secure contracts to construct oil pipelines, an oil platform and offshore mooring buoys in the Arabian Gulf, as the war-torn nation tried to shore up a battered economy after the fall of Saddam Hussein in 2003.
It is the third sentence handed down by a London judge after a five-year investigation by the Serious Fraud Office (SFO) and US authorities into how the prominent Ahsani family, which ran Unaoil, secured energy contracts for Western blue-chip clients in the Middle East, Africa and Central Asia.Former Unaoil managers Stephen Whiteley, 55, and 45-year-old Ziad Akle, have already been sentenced to three and five years in jail respectively after a London trial.
“This was a classic case of corruption, where powerful men took advantage of the desperation and vulnerability of others to line their own pockets,” said SFO head Lisa Osofsky.
John Milner, Al-Jarah’s lawyer, said that he was disappointed the court had not agreed to a suspended sentence and “chose to ignore the position of the owners of Unaoil . . . (who were) unlikely to share Mr. Al-Jarah’s fate.”
The SFO investigation originally centered on the Ahsanis, but failed extradition attempts culminating in a clash in Italy with US prosecutors over the extradition of Saman Ahsani in 2018 thwarted the agency’s attempts to prosecute them in Britain.

HIGHLIGHTS

● Basil Al-Jarah sentenced in London after guilty plea.

● Ziad Akle, Stephen Whiteley already sentenced after trials.

● Ahsani brothers, who ran Unaoil, pleaded guilty in US.

● Fourth British defendant faces retrial in January.

British prosecutors alleged Iraqi-born Al-Jarah, 71, British-Lebanese Akle and Whiteley, who is British, conspired with others to bribe public officials at Iraq’s South Oil Company and, in Al-Jarah’s case, the Iraqi Ministry of Oil.
Akle and Whiteley denied wrongdoing. Al-Jarah pleaded guilty to five offenses in 2019 and asked for further offenses to be taken into consideration at his sentencing hearing on Thursday.
Whiteley and Akle, found guilty of conspiring to pay more than $500,000 in bribes to win a $55 million oil contract, plan to appeal against their convictions, according to their lawyers.
Paul Bond, a 68-year-old former sales manager for former Unaoil client SBM Offshore, faces a retrial in January after the jury could not reach a verdict in his case.
Brothers Cyrus and Saman Ahsani, Unaoil’s British-Iranian former CEO and chief operating officer, await sentencing in the US after pleading guilty to bribery in 2019. Their father, Ata Ahsani, has not been prosecuted.

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